those that do trade the stocks they're talking about probably know already or a lot better or have in some way massaged the datafeeds these heads (or stooges by this stage) get to precisely achieve the effect they want for the positions they want to place or have already placed.
TV appearances don't look too shoddy on a CV and getting your name known is the name of that particular game I'm sure. Plus they only have to remember the times they were right and remember to re-quote those times as often as possible to establish pedigree. It would be an impolite anchor that reminds them of the equal or greater number of wrong calls. What station would want to be known as the one that invites the duffers onto its panels?I mean otherwise what incentives are there for going on and sharing tips?
In the final analysis I decided it was all extraneous to my needs, but that may well be an error on my part in that I have not yet learned how to utilise those data effectively. Pat494 if you have any pointers on that it would be most gratefully received.
I do, It won't be reason to take a trade, but when I trade shares I like volume. SO if something is getting talked about I will normally open up a chart and see where its at.
I was watching them two days ago before NFLX earnings, and they mentioned the pre-earnings options trading going on. I double leveraged it in my simulated portfolio and made 45% overnight (no way I'd do that with my own dollars). A bit of luck and a lot of intuition with the help of CNBC can go a long way.
You can tell some of the analysts they let on the air are full of it. Especially when they just like to feed off of the smarter and more responsive analysts.
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