Watching CNBC this morning and they start talking about a company\/stock – HK. It’s a US gas\/oil exploration company (I only knew that by searching for them.) The stock was up $0.33 on the day as they talked about it and I was looking at what the heck they do. Sure enough, starts jumping up and up once they were done to + $0.75 (this isn’t AAPL, it’s a $10 stock so that’s a decent jump.) Made me laugh to see that happen…again.<\/p>\n
When I worked at a hedge fund and sat right outside the trading room, I would listen to CNBC all day. This was during the internet stock craziness and it was pretty much 100% guaranteed the minute CNBC mentioned a stock, the sucker would launch. I had access to instant execution on trades so I would buy and sell small lots in my account. This is basically how I paid for my wedding\/Hawaii elopement & reception. That and some options trading.<\/p>\n
I remember calling a friend and asking if she wanted me to trade her account on a stock I was getting into that day AS they were talking about it on CNBC. She was stressed but did it. We both had a great day.\u00a0 She went into trading soon after that and ended up being a trader for a fund. She just left that to work on a stock newsletter. Good times. The stories she and I have about our old jobs would put the Nanny Diaries &\u00a0 Devil Wears Prada to shame. But we’ll never tell :)<\/p>\n
Good to see the CNBC effect is still in place. The sheep are still there and you can profit from it (just like in ZNGA!)<\/p>\n
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Watching CNBC this morning and they start talking about a company\/stock – HK. It’s a US gas\/oil exploration company (I only knew that by searching for them.) The stock was up $0.33 on the day as they talked about it and I was looking at what the heck they do. Sure enough, starts jumping up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[746,543],"tags":[911,1016],"class_list":["post-9848","post","type-post","status-publish","format-standard","hentry","category-investing","category-life","tag-cnbc","tag-trading"],"_links":{"self":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/9848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9848"}],"version-history":[{"count":3,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/9848\/revisions"}],"predecessor-version":[{"id":9850,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/9848\/revisions\/9850"}],"wp:attachment":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}