That all the on-air personalities at CNBC kick in a stock pick from there area of coverage…so for example Mike Huckman may contribute a Pharma stock; to help out the contestants,It seems that even the general reporters on the show are contributing their prognostications!.Does this make you uncomfortable?I think it makes them uncomfortable.They are reporters not stock traders ; as Cramer says just being”Team Players”.Some of there ideas I have heard I can guarantee are not going to do you any good.One recomendation was SIRI .In the record books as the most reviewed merger of two [now]penny stocks.Why won’t this stock work?In the first place you need large point moves and /or a lot of them to win.Even if SIRI doubled it probably wouldn’t help you because there are too many contestants playing the same hand[CNBC mentions on air ;the most held stocks by contestants;a contrarian indicator?].The fellow who is banking a 30% profit 5 days a week will be ahead of you after 4 days of lucky trades.Buy and holding a stock that doubles won’t win this contest!..unless you do it often.Another idea I heard today from Diane the real estate reporter was to buy,well ;real estate stocks.That is a better idea as these heavily shorted stocks could make a massive move up.But again; when?They have been stuck in a range for months,and unless a spark ignites them near term these will have the same problem as siri;they may very well be within 20% of the price they are now;a month from now.I guess even if you don’t do it in your regular investing you need to play risky “event” trades to win.2008-05-15

Tags: cnbc personalities tout stock picks cnbc contest

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