Here is the evidence folks. I was looking at BRLC and it was consolidating all day long at 5.4. Ho-hum. Then CNBC ran a 30 second teaser about a new warehouse it just opened in California. The stock then quickly shot up to 6 bucks on strong volume. WHOA! This is the clear evidence, CNBC moves the markets.
This is about the dumbest thing I have ever seen. Now the guys who watch Cramer and hit the buy button on him are truly dumb. However, Cramer does come out and do a skit. He tells you his reasoning and sometimes what he says is not half bad. However, how can you buy 8700 shares in a company after a 30 second skit on CNBC where they show the company just opened up a new warehouse. Literally, not one second after the skit I saw buy orders being thrown in to the market place. Some folks were buying thousands of shares. How can someone spend $50,000 on a company that they know absolutely nothing about except that they opened a new warehouse? This is about the dumbest thing I have ever seen in my entire life.