Brlc Gets Hit By Cnbc

Discussion in 'Trading' started by eagle488, Oct 25, 2006.

  1. 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.
  2. No it isn't. Supply and demand move the markets.
  3. 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.