You cannot push the people to buy BAC on day and be short the next day. It seems to be a bit simple to make money by manipulating viewers. FCC should take a look on him and cnbc
He said buy in early Aug at $9.65 and it tanked to lo 6's on huge vol....
He said short at $6.00 last week and it gapped hard to $8.98....
If u did the opposite of this clown u would of made a boatload....
He sure does:
He said to short LVS starting from the teens. I was there - up close and personal day by day on it.
It went to 55 and he said to short it from
1. The teens
2. The 20's
3. The 30's
He did get it right at the 50's and 40's .
Cortez does this all the time. He is a short term trader. I would question his motives regarding what he recommends and what he does.I think he uses the CNBC platform quite effectively. He pumps and he bashes. I think the SEC needs to look into this and look at his trades relative to his promoting or bashing a particular stock.
He definitely does-- a pattern seems to be establishing itself -- he did the SAME exact thing with Las Vegas Sands.
It seems he has someone/group providing him some type of long information
and then they bet against it.
It is becoming a pattern. I have seen this 8 times almost to the day and have been watching him very carefully.
He uses the CNBC as a platform and talks with the other traders during the day - and then goes on the air.
Very Shady - to say the least.