RE:Fabrice buys back in?
Anyone shaking their head at this one?
I'm not necessarily shaking my head, but this kind of commentary doesn't surprise me in the least. Don't get me wrong, in general BNN is a good business channel and provides good insight into the market, but this Market Call program is nothing but a pump and dump fest, especially for small cap, thinly traded stocks. To his credit, Mark Bunting quite often tries to alert the audience when he notices that certain stocks are extremely thinly traded, or trade with a market cap that is suspiciously low (i.e. 8 to 10 million market cap, in some cases), much to the chagrin, I'm guessing, of his Market Call guests.
While I won't be so cynical to suggest that folks like Fabrice actively trade on their own recommendations (as this should be too obvious to the OSC), it nevertheless wouldn't surprise me that friends of Fabrice, and other friends of friends are being tipped off on the top stock picks before airtime.
If one listens to the program, one would see that these guest analysts have to provide their top picks 24 hours in advance, so someone surely knows what about to be pumped in advance of the pump.
I get some good ideas from BNN, but rarely, if ever will I buy a so-called "top-pick" in the same week as a pump is made, as the stock inevitably comes back to earth in the weeks following a pump.
Of course, I'm only talking about small-cap and thinly traded stocks, as the daily volume on most large caps is too high to be affected by pump or dump noise from the likes of BNN.
Just my random thoughts on the matter.