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From: suhre@trwrba.UUCP (Maurice E. Suhre)
Newsgroups: net.invest
Subject: Re: Wall $treet Week stock picks
Message-ID: <1812@trwrba.UUCP>
Date: Mon, 3-Feb-86 12:46:38 EST
Article-I.D.: trwrba.1812
Posted: Mon Feb  3 12:46:38 1986
Date-Received: Wed, 5-Feb-86 02:41:51 EST
References: <3207@sun.uucp>
Reply-To: suhre@trwrba.UUCP (Maurice E. Suhre)
Distribution: net
Organization: TRW EDS, Redondo Beach, CA
Lines: 24

In article <3207@sun.uucp> tut@sun.uucp (Bill Tuthill) writes:
>
>On the other hand, they concluded that "stock recommendations made
>by guests on Louis Rukeyser's "Wall Street Week" television program
>not only revealed no predictive ability by those guests, but even
>suggested that information pertaining to stocks recommended on the
>show may have been used by certain parties in advance, as judged by
>an upward trend of the stock prices in the two weeks before the
>show's airing."
>
There was a minor flap about just that.  The argument was the some people
were getting the WSW guest list, finding what their favorite stocks were,
and buying them prior to the appearance.  The Barron's published a short
article which had studied the phenomenon.  Yes, there was a slight rise
before the program's appearance followed by a later decline to about
previous levels.  However, the *average* rise was only about *one*
per cent.  Hardly the sort of thing someone could make a killing by
using as a basis for investing (gambling?).  Brokerage commissions
would almost surely eat up a 1% profit.

Maurice

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