I'll never learn - CNBC

Old 11-20-2008, 10:39 AM
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Default I'll never learn - CNBC

Lots of people know this about CEO's on CNBC, the louder they toot their own horn the bigger the stock is likely to fall (at least in the short term). I was thinking a few weeks ago that BAC looked pretty good at $20, then a few days later the CEO was on saying they got some of the bailout money but didn't need it. "Everything is hunky dory here". I've always known to short a stock when the CEO is on CNBC. Golden opportunity missed, BAC at $12.50 today.

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