Sri thought that he could just go on about his merry way and nobody would ever challenge him because he works for mighty CNBC Asia. Well in 2008 before he put on glasses to look wiser in his official CNBC bio page:
http://www.cnbc.com/id/15839011
Sri made one of the, if not THE, worst calls in CNBC history when he recommended CNOA, a tiny incompetent penny stock, as a way for investors to profit from the growing Chinese rice industry...after all, CNOA was one of the largest rice producers in CNOA....
The only problem is that Sri does not have a business or finance background as his CNBC bio states:
Jegarajah holds joint honors in English and theatre studies from the University of Warwick in the UK.
Like the dumb monkey stock picking entertainer (he does have that theatre background!), Sri didn't realize the "research" he put in his article for CNBC.com was from a stock promoter who had been compensated thousands of dollars to advertise CNOA. He basically quoted a company paid-for-advertisement which of course was as rosy as possible.
The stock spiked from under $1 to over $2 and when the hype from his "respectable CNBC article" died down, the stock collapsed 50% within a few days as those who paid for the stock promotion were all to happy to sell into the ignorant CNBC viewer buying and that is how I discovered it--some of these losers emailed me saying I shouldn't be promoting penny stocks since they are so "random"
Dear ignorant CNBC viewer losers, penny stocks are not random, there is just too much ignorance out there and you and Sri are perfect examples. It's amazing that Sri was not fired from his job, but I'm sure he put on a great performance begging to keep his job and his bosses, probable theatre majors too, acquiesced.
See my whole blog post, class dismissed:
http://www.timothysykes.com/2008/04/on-cnoa-cnbc-aids-and-abets-penny-stock-promoters/
CNBC is very dangerous, I hope you're all beginning to understand
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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