To: Joana Tides who wrote (201 ) 2/2/1999 9:36:00 AM From: Blue Snowshoe Read Replies (1) | Respond to of 7442
CNBC, one step forward, two steps back. Good morning pals, Looks like we will have a down opening and then who knows, there is lots of money waiting to go to work. CNBC had another "expert" on internet stocks on this morning. I missed his name so we will call him Mr. Clueless. This man by his comments just showed he does not know JACK about internet stocks but yet he is on TV spewing his "dunceness". The man said once when the internets had run up alot so he shorted them (he did not tell how much OPM he lost). RULE 3 of internet stocks, "NEVER, NEVER, short an internet stock while they are running". It is safer to wait for them to head south first but I wouldn't try it. I have never shorted an internet stock because it is an easy way to get killed no matter what the market is doing. I'm sure this non expert lost a bunch of people's money because he is uneducated about internet stocks and yet invest (shorts) them. Since he feels he is some kind of expert (goes on TV and talks about what he does not know about) there is little hope for him. Guys like this are a cancer on TV, they all have lots of OPINIONS but are very short on facts. I mean think about it, CNBC has an "expert" on who knows only how to LOSE money in internet stocks and they are asking him questions? For as long as there are "experts" like this who are given air time, the general public will remain confused about internet stocks. CNBC is taking a step forward by talking about internets, trying to understand them but two major steps back by putting clueless "experts" on to confuse investors with their endless stupid comments about internet companies. CBNC and these "Dunces with Quotes" really should read Part IV so they can learn how to value internets. In fact they should read the whole thing because right now CNBC and their "experts" sound very stupid and are doing investors no favors. BLUE PS Someone send CNBC a copy of this so they and their Dunce for the Day may LEARN something today and look for Part IV.