CNBC successfully completed their agenda of preventing retail investors from buying GMCR. They kept talking the stock down until the very last second of trading yesterday. The corruption of this joint is staggering. Go to youtube, in search enter "cramer manipulation" and see how manipulation and fraud is perpetrated. or try this link if yahoo allows it http://www.youtube.com/watch?v=gMShFx5rThI
it is obvious that the CNBC team is filled with individuals who do not have Wall street expereience, or a dubious motive - BOB PISANY saying that America is decoupled from Europe - the most incompetent thing ive ever heard - etc.
these guys are USED BY WALL STREET TO PUT OUT INFORMATION WHICH BENEFITS WALL STREET - THEY SHOULD BE USED AS A CONTRARIAN INDICATOR - Listen for far fetched ignorant statements - OR NO INDICATOR AT ALL>
I have been following this stock for years. The short sellers got caught a few years ago and they have been flooding media portals with negative rumors about this company every since. They just wanted to cover their positions under $30 a share. They don't give a rats tail about this company or its shareholders. And they are surely not some altruistic characters who are trying to do shareholders and markets a favor either. They are using their lynch mob tactics to steal large sums of money from investor's accounts.
>>CNBC successfully completed their agenda of preventing retail investors from buying GMCR. They kept talking the stock down until the very last second of trading yesterday. The corruption of this joint is staggering.<<
CNBC ‘freaking out’ over low ratings GATECRASHER Sunday, April 29, 2012
Andrew Ross Sorkin is apparently not too big to tank.
The same goes for “Money Honey” Maria Bartiromo.
CNBC insiders tell us executives at the cable business channel are “freaking out” because viewership levels are down essentially across-the-board, particularly with its marquee shows, “Squawk Box” and “Closing Bell."
“Their biggest attractions have become their biggest losers,” says one TV industry insider familar with the cable channel’s numbers.
According to Nielsen ratings obtained by Gatecrasher, from April 2011 to April 2012, “Squawk Box” is down 16 percent in total viewers and 29 percent in the important 25-54 demographic bracket that advertisers buy.
Remember this scandal from 2002 that was swept under the rug
Talking Up His Own Book Robert Lenzner and Victoria Murphy, 03.01.02, 7:10 PM ET
NEW YORK - Legendary hedge fund operator and confrontational television commentator James Cramer has been getting publicity from news that he's working on a juicy Wall Street story: his own biography. But the real dirt might be elsewhere.
In a soon to be released tell-all tale, former Cramer & Company employee Nicholas Maier accuses TheStreet.com's co-founder of using CNBC anchors and his own television appearances to promote stocks that he would promptly sell, making a quick gain on the upswing.
In Trading With the Enemy, to be published this month by Harper Business, Maier alleges that CNBC anchors Maria Bartiromo and David Faber were used like pawns to talk up stocks that Cramer's hedge fund had purchased. He did this by giving them heads-up on analysts' upgrades and downgrades in particular stocks.
Writes Maier: "We were the first firm most brokerage houses told such news [of upgrades and downgrades], and Jim decided to use this early-call status to help the reporters, who all wanted to break a story."
Maier goes on to explain that after the stocks were touted on television, Cramer would promptly dump the firm's position: "No sooner would Maria be thanking us for the help than we'd be getting a payback--a quick hit thanks to our friends at CNBC."