Today, the Kirk Report has a pretty good article titled "Walking A Stock Up" about the practices of some unscrupulous portfolio manages who appear on tv financial shows and hype up a stock they have in their portfolios so they can fatten their own wallets:
I'd readily admit it - I do watch most of the financial related TV shows over the weekend. I usually Tivo them and scan for the stock picks and ignore the market predictions. Why do I do this - because I want to know what is being pumped up in the market. Generally, I use it as a sell indicator, not a buy as so many do.Why? You have to realize that the vast majority of market pundits you watch on TV are not acting in your behalf. For those of you new to the game, here is how the process works. It is called by many traders as "walking the stock up" and it works like a charm most every time.
Read the whole thing to see exactly how the process works.
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