RE:RE:RE:E - TSX is a top pick on BNN TVI totally agree with the posters who discount the BNN "pumps".
The only reason I ever pay attention to BNN "picks" is to find out whether an unexpected move upward in a stockprice (mostly small-cap or thinly traded ones) is due to a pump from a so-called BNN guest analyst.
If that's the case, then I sell into the strength, and look to buy back about a month or so later (provided the fundamentals of the stock haven't changed).
A typical BNN pump seems to result in a bunch of geriatric regulars and BNN cult-worshippers rushing out to buy the latest recommendation, and I'm left to wonder how often it is that "friends" of the guest analyst/expert might be on the other end selling into such strength... I mean seriously, think about it! Especially for the small-cap, thinly traded stocks.
BNN can be a good source of information about stocks that fly under the radar, but one can find recaps of this information elsewhere... without having to sit through an insufferable hour of listening to addle-minded investors agonizing about bank stocks and their dividends, all the while looking at Michael Hainsworth's goofy and somewhat clueless grin.
When I first started managing my own portfolio, I used to think more of BNN's Market Call; but I ended up getting burnt once too often by "top picks" from guest analyst's whose ultimate interest is nothing other than the "soft advertising" of their particular firm's wealth management services.
Given that the proverbial BNN "pump" has less torque than it used to, then hopefully I'm not the only one who's wised up a little to the perils of mindlessly following a guest analyst's top picks, with no sober second thought.
Note - this doesn't mean to imply that all guest analyst's picks are bad ones... it's just "stock-buyer" beware. After all, how many times have these so-called experts completely made the wrong call (Blackberry a buy, anyone?)
Just my thoughts, so git your own (as the saying goes).