Tonight’s report may be considered brutal but the market is brutal and some people need a wakeup call if they still own these "famous stocks".
To whom it may concern,
These thoughts are in regards to the following "Widely Held" stocks CSCO, MSFT, INTC, AMAT, and DELL. *See the charts below
#1 Quit wasting space on our ticker tape. Quit showing that they moved 10 cents or traded a block of 10,ooo shares. It is unimportant and is a waste of tape. Please delete these symbols and add the stocks that have some potential or are actually making people money.
#2 Quit showing these stocks in today’s most active stocks by volume! We don't care that they have each traded 50-100 million shares and are up 30 cents today and down 40 cents tomorrow. Why are we still seeing these segments where they have these stocks that don't move? Please replace your archaic stock screens with let's say stocks that normally don't trade much volume but have traded abnormally higher volume today.
We only have so much time in the day and we must filter through tons of information as it is. Please don'
#3 Quit building a day’s hype on CNBC of what these companies have to say or what their earnings look like! Please focus on stocks that can actually make people money in the next year and not stocks that have not moved in the last 10 years.
#4 Please stop focusing on stocks that are the most WIDELY HELD and focus on stocks that could be the next widely held stocks.
I think these charts prove my point. These stocks are 50-80% off their 2000 highs and have mostly done nothing for an entire decade yet the media still wastes our time on these names. We spoke about the Japanese market and their lost decade, well these stocks have had their own lost decade but it seems nobody noticed!
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