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By the time you hear about a stock pick, everyone else has too, and the price reflects that. Buying stocks you hear about on TV only makes the insiders rich.

5 posted on 05/17/2006 3:29:18 AM PDT by beyond the sea ("If you see strange men lurking about in groups of three - especially in North Carolina, RUN!)

Just read about jimbo cramamerica here & his hype till March 2000 tech bubble bust ! The Fortune Tellers: Inside Wall Street's Game of Money, Media and Manipulation by Howard Kurtz About this title: From the author of the bestselling "Spin Cycle" comes an engrossing expos of how the media drive the financial markets today. Kurtz introduces the powerful journalists, commentators, and analysts whose reports have a real-time impact on the rise and fall of stocks and on the financial health of investors.