Wednesday, February 15, 2006

What again about our financial reporting?

The issue of our financial news used to instigate wild specualtion ideas on stocks.

Here are some blog postings on the issues:


And incredibly, all of those articles was creatively written or should I call it engineered by one same reporter and his so-called sources (or should I call it as Maggie Sauce!)

Take the latest one: Is our financial news really financial news?

Let's take the issue of Nasioncom. That article was posted on 11th Feb 2006.

1. Nasioncom ended the day trading on the 10th Feb 2006 at 0.305.

2. Nasioncom ended the day trading on the 13th Feb 2006, the day after that incredibly creative story was written, at 0.345. See how nice it is to publish a story, throws in the wild speculative 'according to sources" stuff all over the article. And better still, add in a wild insane, nonsensical valuation based on ONE so-called UN-NAMED analyst! Job done eh? Check the high volume traded on that day!

3. Nasioncom ended the day trading on the 14th Feb 2006 at 0.30. What a lovely, I Love You Deep-Deep Valentine present from this reporter, eh?

4. Now? The selling pressure 'looks' very strong (errr... you might want to get a second opinion on this statement cause I am not one that could read what the trade is saying!).... anyway... at 11.30, Nasioncom is now trading at 0.285.

How?

Do we need such wild no-substance stories?

And worse still, how come one reporter in our financial newspaper can repeatedly publish nothing but speculative rumours in the financial news?

What good is our financial news if everything is but speculative rumours?

How?

Does all this even matters?

Or does it NOT matter as long as it provides us with an opportunity to punt in the said stock(s)?

Or should I question who gives the devine rights to allow this reporter to write as per his own whimps and fancy?

How?

Or should I request that our financial news to be changed to our RUMOUR mill?

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9 comments:

  1. Anonymous1:50 PM

    Everytime when at the reversal, the
    public need to be seduce, entice and
    persuade to make the wrong decision as
    it need to be done accordingly.

    ReplyDelete
  2. Moolah2:09 PM

    Anon,

    Put aside the opportunity to make money for a minute...

    and ask youself this simple issue...

    Where is the integrity of our press if the press is used as tool for others to manipulate a stock?

    how?

    ReplyDelete
  3. Anonymous3:17 PM

    First off, I want to mention that LIFE isn't fair. In case you haven't noticed, almost NOTHING
    is fair.
    Fairness is an idea that people have created. I think we probably created the concept to torture ourselves, in fact.

    Look why certain people making tons of money very very very very easily and yet some people tend to lose everything. Is it fair or not ?

    ReplyDelete
  4. Moolah3:25 PM

    First off, I want to mention that LIFE isn't fair. In case you haven't noticed, almost NOTHING
    is fair.

    ==> Hmmm.... ok .... so life isn't fair. How true.

    Fairness is an idea that people have created. I think we probably created the concept to torture ourselves, in fact.

    ==> Again.. how true... yup... most folks like to tortue ourselves. Totally agree.

    Look why certain people making tons of money very very very very easily and yet some people tend to lose everything. Is it fair or not ?

    ==> Of course... like you said .. Life isn't fair!


    Sooo... Anon.... since life isn't fair...

    I guess you think it is ok that the press abuse their integrity in their reporting?

    is it ok for this reporter to make totally baseless reporting?

    Oh.... I forgot... life ins't fair!

    ReplyDelete
  5. Anonymous6:08 PM

    Agree with Moola. We need to fight against dirty, idiotic reporting

    ReplyDelete
  6. Anonymous10:16 AM

    errr....the date .... err the year that you are refering to .... is it 2005 or 2006?

    ReplyDelete
  7. Moolah10:26 AM

    Oops!!!

    Made a typo! I wrote...

    Nasioncom ended the day trading on the 14th Feb 2005 at 0.30

    yeah... it should be 14th Feb 2006!

    let me go ammend it!

    Thanks!

    ReplyDelete
  8. Anonymous10:52 AM

    your date still wrong.

    The article you are refering to appear on 11 feb 2006 (starbiz).

    the price before goreng is 10 feb 2006.

    the price they start to goreng is 13 feb 2006.

    Pls ammend those date in your article. It is excellent read. Just helping you correcting the fact for pleasant reading. And connecting the dot to the story.

    Thank you.

    ReplyDelete
  9. Moolah10:54 AM

    Oh oh.... yeah... this year is 2006 and not 2005... *blushes*

    Many thanks yet again...

    ReplyDelete