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I heard before this technique was also use by Jeff Vinik (fund manager of Fidelity
Magellan) in his TV interview, where he recommend a buy on some stock and he was caught
actualling selling it.
So, the bigger the name , the more one should fade him on TV, eh?
Terrence Smart wrote:
> Earl,
> Stanley Druckenmiller is a snake(albeit a very good and a very smart one).
> Since he was given a global audience to talk his book a la the inside smart money
> mouthpiece "CNBullC", he moved the market 10 points and lowered his cost of entry
> for his short position.Trust me ,if given that position, I would do the same thing.
> This game is about misdirection. If the little guy with his 401K had any idea what
> was going to happen there would have been a 2000 point selloff.I worked on Wall
> Street for many years and saw many an account get deliberately picked off.This is no
> different.
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