Good Pickens

Posted by , Mar 30, 2006, 12:34pm

T. Boone Pickens on CNBC, talking about trading on fundamentals:

"I'm not a day trader, they just beat me to death when I try to do that..."

The best thing about financial news on TV is that a guy with an eTrade account in Missouri will interpret that statement in an entirely differnet way from a guy in New York in front of a Bloomberg terminal bank.

He's also still beating the drum on the notion that there should be a global price for gasoline, maybe via taxing. "We're out of step on gasoline when we're clearly in a global oil market."

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Posted in: T. Boone Pickens

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Posted by Sebastian, Mar 30, 2006 7:24PM

I thought you were Muffie...

Posted by beanspants1, Apr 02, 2006 4:48AM

"The best thing about financial news on TV is that a guy with an eTrade account in Missouri will interpret that statement in an entirely differnet way from a guy in New York in front of a Bloomberg terminal bank."

that's an awfully glib comment coming from a member of the media, considering that Pickens is an old school oil man, and that 99.999% of people with e-trade accounts don't day trade commodities, and also considering that a company's fundamentals don't change day to day except on REALLY bad news.
Oh, yeah, also that most day traders trade on technical charting or momentum, not fundamentals.

edumacate us, hack:
interpet that statement for those of us who are in Missoura, and don't speak the lingo.

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