What again about our financial reporting?

The issue of our financial news used to instigate wild specualtion ideas on stocks.

Here are some blog postings on the issues:

• Is our financial news really financial news?


• Should Financial Press be allowed to spin-off Rumours?


• Mutiara

And incredibly, all of those articles was creatively written or should I call it engineered by one same reporter and his so-called sources (or should I call it as Maggie Sauce!)

Take the latest one: Is our financial news really financial news?

Let's take the issue of Nasioncom. That article was posted on 11th Feb 2006.

1. Nasioncom ended the day trading on the 10th Feb 2006 at 0.305.

2. Nasioncom ended the day trading on the 13th Feb 2006, the day after that incredibly creative story was written, at 0.345. See how nice it is to publish a story, throws in the wild speculative 'according to sources" stuff all over the article. And better still, add in a wild insane, nonsensical valuation based on ONE so-called UN-NAMED analyst! Job done eh? Check the high volume traded on that day!

3. Nasioncom ended the day trading on the 14th Feb 2006 at 0.30. What a lovely, I Love You Deep-Deep Valentine present from this reporter, eh?

4. Now? The selling pressure 'looks' very strong (errr... you might want to get a second opinion on this statement cause I am not one that could read what the trade is saying!).... anyway... at 11.30, Nasioncom is now trading at 0.285.

How?

Do we need such wild no-substance stories?

And worse still, how come one reporter in our financial newspaper can repeatedly publish nothing but speculative rumours in the financial news?

What good is our financial news if everything is but speculative rumours?

How?

Does all this even matters?

Or does it NOT matter as long as it provides us with an opportunity to punt in the said stock(s)?

Or should I question who gives the devine rights to allow this reporter to write as per his own whimps and fancy?

How?

Or should I request that our financial news to be changed to our RUMOUR mill?