John Najarian fast money

Quote from jd7419:

Basically this is pump and dump on live tv, this has to be illegal right?
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i dont believe there is anything illegal about pumping on tv. they all do it.
they have to be careful about how they unload the position. it may be unethical but not illegal.
 
Quote from LEAPup:

Ok, let's say one of the najarian talkers throws up an option trade they want to be on the long side of. Next, a major institution with deep pockets sees that as a good contrarian indicator and throws big money into the short side of the trade.

IF najarian had a long position, that could crush his trade.

Is it fair for him to have to hold on to a losing trade for three days as it goes down the drain?

I'm not on either side, but I'd say he can get out of a trade anytime he wants to. CNBC is the pump and dump network, and always will be...

I also agree with the other posters here that the najarians pick many, many losing trades. Oh yes, when they lose, they were "hedging," not speculating. Lol
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I think you are missing what I am saying. Often Najarian says "I am seeing huge activity in xyx company on the long side", at say 12:34 est. The stock which is often a small cap will trade 300,000 shares in a matter of minutes and by 12:40est the stock is often up 3-10% on a ton of relative volume. I am fast and I often make money on these calls, but half time the stock has already moved a couple % on 100,000 shares before najarian even mentions the stock. What I am saying is people know about these calls prior to the live fast money half time call, and they are acting on this information. I would love for the SEC to examine the people who buy these stocks the few minutes to seconds before Najarian gets on tv. Are there are any traders on these boards? For any real traders left does this shit not piss you off, maybe I am being too hard on Najarian, I mean he does have great hair.
 
Quote from jd7419:

I think you are missing what I am saying. Often Najarian says "I am seeing huge activity in xyx company on the long side", at say 12:34 est. The stock which is often a small cap will trade 300,000 shares in a matter of minutes and by 12:40est the stock is often up 3-10% on a ton of relative volume. I am fast and I often make money on these calls, but half time the stock has already moved a couple % on 100,000 shares before najarian even mentions the stock. What I am saying is people know about these calls prior to the live fast money half time call, and they are acting on this information. I would love for the SEC to examine the people who buy these stocks the few minutes to seconds before Najarian gets on tv. Are there are any traders on these boards? For any real traders left does this shit not piss you off, maybe I am being too hard on Najarian, I mean he does have great hair.
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Ok, now that you typed it out the way did.:p

If Najarian did what you are insinuating by telling others "I'm going to pitch XYZ at noon," and if they act on his advice two crimes:
Najarian- Tipster
Anyone acting on his advice- Tepee
 
The only real edge is inside info. That can be generated in several ways legal and illegal. As an officer or company rep with knowledge which will affect stock price trading on that info is illegal. For a carnival barker it is buyer beware.

Of course a good Ponzi trumps a carnival barker every time
 
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