CNBC stock picking show defrauded by contestants

Quote from styron:

OldTrader,

I think you need to upgrade your troll radar.
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Troll?! But, it's Timaaay!

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i think this just shows what we all have known for quite some time.

cnbc are a bunch of amateurs.

(1) their so called professional pundits have not traded these ' new markets ' and in fact if they had to sit down and trade they would get their arses handed to them within a few hours.

(2) they are stock obsessed with the upside - honestly their faces when reporting if the dow is down is laughable. they take it personally.

(3) in a world where most people can short all markets including stocks they come up with a competition where you are not allowed to short stocks. this flys in the face of fair trading.

(4) bartiromo is a joke. this is not a beauty contest where she can parade her latest designer dress and fail to mention she owns a cartload of citibank shares thanks to her sucking off her citibank lover in a jet plane.

(5) this programme needs a major facelift. new presenters that are credible from decent trading organisations.

(6) jim cramer tipping everybody to buy the ten year note on friday was the final straw for me. this guy knows nothing about the bond markets and there he is tipping it as if he is an expert bond trader.

come on cnbc executives - wake up and smell the coffee.
 
Quote from OldTrader:

I have no doubt that CNBC attempted to put on a "fair contest". But whatever that "fair contest" was about, it was not about stock picking.

Rather, it was about setting up multiple accounts so that one could pick various risky stocks, swing for the fences, and thereby luck out in one of your accounts. Or indeed, figure out a way to enter an order so that you game the system for in after hours trading. LOL!

I'll stop short of calling that "cheating". But let's face it, the contest was not about trading or investment.

I would have expected that CNBC would have taken the time to put on a "contest" that would have rewarded someone who was a good "trader" or "investor". Instead, they designed a system that rewarded talents far from trading. You figure out what those talents were.

Sickened by us "bastards"? LOL! If this contest was a farce, why not be sickened by those who designed it, not those who participated. Geezus. Take your head out of your ass.

OldTrader
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"swing for the fences"

sounds like a hedge find manage. collects his 2 per cent fee no matter what

"Instead, they designed a system that rewarded talents far from trading."

again it sounds like a hedge fund manager
 
Quote from TimothySykes:

I was a commentator on CNBC's "How to Win" program for this contest and it was great fun. I even brought some models on one night to showcase a few incredible stock charts:

Click here to see Models on CNBC

It sickens me to think that they'll probly never have another contest again thanx to all you bastards who are complaining. A few people cheated, get over it--if you had thought long and hard enough, you, too, could have done it and possibly gotten to the finals. Obviously cheating is wrong, but CNBC tried to put on a fair contest, but in the end, only this negativity will be remembered and that's sad.
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Yes, the thought of CNBC not doing another contest is truly sickening. I would be hardpressed to find something more sickening, in fact. Genocide would be a distant second.

I think there was this guy I saw on the "How to Win" segment whose advice was just to leave your browser window open, and then buy stocks that are skyrocketing after hours to get the 4 pm price...but I don't think anyone heard him because there were four other experts that were all talking over each other at the same time. CNBC knows that when people talk over each other, and act really assertive by passing off random opinion as fact...viewers love that, and their ratings go up.
 
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