Thanks to this high profile acquisition news of Blockbuster and Circuit City, the financial media circus is working overtime today. CNBC, Fox Biz, Reuters, WSJ, WWE, Marketwatch, AP, Minyanville, TheStreet.com, Portfolio, Bizjournals, Techticker, Motley Fool, SmartMoney.com, Barrons, Businessweek, RealMoney, Forbes, FT, CNNMoney, Briefing.com and of course the Richmond Times-Dispatch have each written articles about it. No joke, seriously, check out the Yahoo! Finance news list—it’s reminiscent of my media logo collage.
Within hours, we now have quotes from higher and lower-ups from both companies, competitors of both companies, industry observers, industry non-observers, economists, ANALysts, marketers, talking heads, journalists—everybody’s giving their useless opinion as to what this news means for consumers, competitors, investors, traders, the industry, other industries, society and the universe. Not to even mention all message board and blog buzz from those too unskilled to even gain entrance to the media circus (true gutter trash / waste of webspace)
Here’s my take: Bleh! All the coverage ruins it for me—once a merger/acquisition gets announced, both stocks are dead to me because a.) stock price volatility will be greatly reduced and become news/news-speculation not chart-pattern-based b.) people much smarter, richer and better informed than me are all over it and c.) so many people have so many different angles and expectations, it’s a truly efficient market hence unpredictable.
So please, do me a favor and spare any mention of any takeover/merger news FOREVER. On this site, we deal in opportunities where it’s possible to have an edge, to know more than others, focusing on getting the odds on our side. We don’t play classic Wall Street guessing games propagated by those attention seekers looking to drum up media hits despite being blatantly average, reinforced by their mundane journalist lives and meager paychecks.
Tags: ANALysts, CNBC, Financial Media Circus, Press
