Yeah, SIGA was a great trade this morning; first time I've watched Squawk in months.Quote from Rearden Metal:
99.9% of CNBC is bullshit, but the CNBC talking heads do move stocks. For instance, this morning I was holding a large position long SIGA. A discussion of this stock took place on CNBC, and this made SIGA start moving wildly. Had CNBC not been running in the background here, I would have been scrambling to figure out why the stock is suddenly making wild moves.