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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (2501)4/20/1999 4:35:00 PM
From: Ian@SI  Respond to of 17683
 
Could CNBC be right that the day traders are killing the bull?

That sounds like a lot of bull to me.

The market IS the MARKET! As the volume of shares traded by day traders increases, they will nullify market manipulation attempts by the "professionals".

Like Morgan Stanley using Maria Bartiromo as their dupe on triple witching Friday to report their IBM bullsh*t. Sucked her right in.

One would think that CNBC would know better than to pass on unfounded rumours on Options Expiry days or any time in the week before.

But for those with an understanding of how the professionals manipulate the more gullible among the media, buying opportunities are presented.

FWIW,
Ian.