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  • abbeysmaster abbeysmaster Dec 8, 2012 6:55 PM Flag

    This time Doug Kass just boxed himself in. Generational buy just two weeks ago?

    My point is this time he is playing a game that I find unlawful if not illegal. He's a person of public influence who's taking a financial gain from his published guidance. And this time the basis of his reversal is clearly not supported by his comments... it's transparently in his self-interest. How, for example, would he defend the term generational buy followed two weeks later by concerns about the same fundamentals that led to his 'generational' call.
    I think the whole notion of these traders having the key's to CNBC is more than 'irregular'... it may be criminal or at least, at odds with the stated public policy of the SEC.

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    • Very well stated. This is the very first post that compelled me to sign up on the yahoo finance board as I completely agree with your reasoning. There must be many others who are silent or not active posters on this board that have similar thoughts. Seems that the SEC should be inclined to make a formal inquiry if the facts were presented to the SEC in the same manner, but then again there is a difference between should and whether they would and I really don't know what rules on-air personalities can navigate around without incrimination. In the meantime, it's enough to drive a person crazy as it's amazing that someone like Kass doesn't seem to worry about blatantly putting himself in such a vulnerable position with the SEC.

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