From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2599 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, July 13 2002 Volume 02 : Number 2599 In this issue: Re: [CANSLIM] 90-90 days Re: [CANSLIM] Cheap? Re: [CANSLIM] Cheap? [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Accounting stuff (off topic, sorta) RE: [CANSLIM] Accounting stuff (off topic, sorta) RE: [CANSLIM] Accounting stuff (off topic, sorta) Re: [CANSLIM] Accounting stuff (off topic, sorta) Re: [CANSLIM] Worley's Weekend Weeview Re: [CANSLIM] Somewhat off topic, but not really Re: [CANSLIM] Accounting stuff (off topic, sorta) [CANSLIM] M - fasten your seatbelt Re: [CANSLIM] Accounting stuff (off topic, sorta) ---------------------------------------------------------------------- Date: Sat, 13 Jul 2002 07:42:06 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] 90-90 days some conventional wisdom endures... nothing is free if it sounds too good to be true etc... Kent - --- Steve wrote: > This wisdom is getting to be a bit too conventional. Isn't > conventional > wisdom always wrong? > > Steve Grier > scgjd@pacbell.net > > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Friday, July 12, 2002 7:45 PM > Subject: [CANSLIM] 90-90 days > > > Here is the link to the CBS Marketwatch article that zgirl mentioned > - > > http://makeashorterlink.com/?B55F32041 > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Autos - Get free new car price quotes http://autos.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 07:47:57 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] Cheap? I hope they feel comfortable with the projections. As for me, I don't trust the analysts projections in light of the recent news and track record. Regards Kent Norman - --- Tom Worley wrote: > Trailing PE ratios should be ignored by all CANSLIMers. If you want > to use > or study PE ratios, use forward (projected, forecasted) PE ratios. > > ----- Original Message ----- > From: "Rocky Sanghvi" > To: > Sent: Friday, July 12, 2002 4:36 PM > Subject: RE: [CANSLIM] Cheap? > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65 > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & > Poor's 500 > index at the close of trading Friday, July 12, was 37.31. > Thursday, the ratio was 37.65. > > The lowest price/earnings ratio on the S&P 500 came in the second > quarter of > 1949, when the reading slipped to 5.9. Over the last decade, the low > was > 15.77 in the first quarter of 1995. > > The price/earnings ratio, known as the multiple, is a measure of the > average > stock price divided by the average earnings per share. The earnings > data is > based on the trailing four quarters. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Autos - Get free new car price quotes http://autos.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 11:02:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Cheap? one advantage I have with small and micro cap stocks is there is very little analyst coverage. I often must make up my own mind as to projections and expectations, and I am always conservative with that. - ----- Original Message ----- From: "Kent Norman" To: Sent: Saturday, July 13, 2002 10:47 AM Subject: Re: [CANSLIM] Cheap? I hope they feel comfortable with the projections. As for me, I don't trust the analysts projections in light of the recent news and track record. Regards Kent Norman - --- Tom Worley wrote: > Trailing PE ratios should be ignored by all CANSLIMers. If you want > to use > or study PE ratios, use forward (projected, forecasted) PE ratios. > > ----- Original Message ----- > From: "Rocky Sanghvi" > To: > Sent: Friday, July 12, 2002 4:36 PM > Subject: RE: [CANSLIM] Cheap? > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65 > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & > Poor's 500 > index at the close of trading Friday, July 12, was 37.31. > Thursday, the ratio was 37.65. > > The lowest price/earnings ratio on the S&P 500 came in the second > quarter of > 1949, when the reading slipped to 5.9. Over the last decade, the low > was > 15.77 in the first quarter of 1995. > > The price/earnings ratio, known as the multiple, is a measure of the > average > stock price divided by the average earnings per share. The earnings > data is > based on the trailing four quarters. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! Autos - Get free new car price quotes http://autos.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 12:50:11 -0400 From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_00DC_01C22A6B.D353B1A0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00DD_01C22A6B.D353B1A0" - ------=_NextPart_001_00DD_01C22A6B.D353B1A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS Wholesale inventories rose 0.1%, first rise in a year and above = expectations of a 0.2% decline, as sales fell. Sales of cars and = non-durable goods were the biggest culprits. Goldman Sachs now expects the first hike in Fed rates won't occur until = the second half of 2003, a big shift from their earlier forecast of Nov = 2002.=20 New unemployment claims spiked 16,000 to over 400K, up to 403,000 and = above expectations of 390,000. The 4 week moving average rose to 395K = from 393K. PPI (Producer Price Index) also exceeded expectations, rising 0.1% = overall and 0.2% on the core rate, both a tenth of a percent higher than = expectations.=20 University of Michigan's Consumer Sentiment Index fell sharply to 86.5 = from 92.4 despite expectations for a rise to 93. the "expectations" = component also fell sharply to 78.5 from 87.9. However, June retail = sales rose more than expected, up 1.1% against expectations of 0.7%. = Without cars, retail sales were only up 0.4% and a rise of 0.5% on the = core rate was expected. Go figure. - -------------------------------------------------------------------------= - ------- WORLEY'S WATCHLIST WANNABES This list is in no way intended to recommend any stocks to the group. It = is a part of my regular assessment of the health of CANSLIM's "M" and, = as the name implies, only intended to identify some stocks with = constructive chart patterns that may be worth WATCHING (and of course = doing your own due diligence). I am employed in Operations by a US = Broker Dealer, however everything presented by me is strictly my own = ideas and in no way should be taken to reflect the views or opinions of = my employer. I typically list stocks with both RS and EPS ranking of 80 or better, = and try to exclude stocks undergoing any merger / acquisition / buyout = scenario. I no longer will look at earnings forecast for this year and = next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see, such as c&h, double (or triple) bottoms, or flat bases (shown as = Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left = Upper Right) even though it is not exactly a CANSLIM pattern. The population of stocks I am reviewing this weekend fell sharply, = smallest in many months. On several days this past week, I didn't even = bother printing my daily screen as there was nothing of interest to me = on it. ACMR - C&H APOL - C&H ASL - double bottom, at pivot FESX - B4 FNLY - B9, impressive base IBKC - base on base INTU - high handle on an 8 month long cup formation ITLA - saucer LBAI - B3 OZRK - weak b/o (good volume, but closed at low end) on Friday from a B6 PGC - 12 week saucer SCHN - flat cup & handle THO - 8 week consolidation VIBC - C&H WSFS - B4 Good luck, keep your capital safe, and keep watching Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_00DD_01C22A6B.D353B1A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
ECONOMICS
Wholesale inventories rose 0.1%, first rise in a = year and=20 above expectations of a 0.2% decline, as sales fell. Sales of cars and=20 non-durable goods were the biggest culprits.
 
Goldman Sachs now expects the first hike in Fed = rates=20 won't occur until the second half of 2003, a big shift from their = earlier=20 forecast of Nov 2002.
 
New unemployment claims spiked 16,000 to over = 400K, up to=20 403,000 and above expectations of 390,000. The 4 week moving average = rose to=20 395K from 393K.
 
PPI (Producer Price Index) also exceeded = expectations,=20 rising 0.1% overall and 0.2% on the core rate, both a tenth of a percent = higher=20 than expectations.
 
University of Michigan's Consumer Sentiment=20 Index fell sharply to 86.5 from 92.4 despite expectations for = a rise=20 to 93. the "expectations" component also fell sharply to 78.5 from 87.9. = However, June retail sales rose more than expected, up 1.1% against = expectations=20 of 0.7%. Without cars, retail sales were only up 0.4% and a rise of 0.5% = on the=20 core rate was expected. Go figure.
WORLEY'S WATCHLIST WANNABES
This list is in no way intended to recommend any = stocks to=20 the group. It is a part of my regular assessment of the health of = CANSLIM's "M"=20 and, as the name implies, only intended to identify some stocks with=20 constructive chart patterns that may be worth WATCHING (and of course = doing your=20 own due diligence). I am employed in = Operations=20 by a US Broker Dealer, however everything presented by me is strictly my = own=20 ideas and in no way should be taken to reflect the views or opinions of = my=20 employer.
 
I typically list stocks with both RS and EPS = ranking of 80=20 or better, and try to exclude stocks undergoing any merger / acquisition = /=20 buyout scenario. I no longer will look at earnings forecast = for this=20 year and next due the confusing data presented by DGO. I do no other due = diligence, that is your responsibility. I will note any CANSLIM patterns = I see,=20 such as c&h, double (or triple) bottoms, or flat bases (shown as Bx = where=20 "x" is the # of weeks, IMO). I will also note LLUR (Lower Left Upper = Right) even=20 though it is not exactly a CANSLIM pattern.
 
The population of stocks I am reviewing this = weekend fell=20 sharply, smallest in many months. On several days this past week, I = didn't even=20 bother printing my daily screen as there was nothing of interest to me = on=20 it.
 
ACMR - C&H
APOL - C&H
ASL - double bottom, at pivot
FESX - B4
FNLY - B9, impressive base
IBKC - base on base
INTU - high handle on an 8 month long cup formation
ITLA - saucer
LBAI - B3
OZRK - weak b/o (good volume, but closed at low end) on Friday from = a=20 B6
PGC - 12 week saucer
SCHN - flat cup & handle
THO - 8 week consolidation
VIBC - C&H
WSFS - B4
 
Good luck, keep your capital safe, and keep watching
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
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Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 14:56:19 -0400 From: "Winston Little" Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) Let us assume that the second house does a full audit. How much confidence can one have that the second audit is "good"? The rules for treatment of the financials do not appear to be absolute, thus the second audit could just be as full of controversy as the first, perhaps in different areas, as the popular sentiment for criticism changes. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, July 13, 2002 1:12 AM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > Do you blame them for wanting to do a full audit? > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > cool way for the Big 4 to increase their revenues and potential earnings > > (BTW, who audits the auditors??). This way they will be able to charge for > > two full audits instead of just one, at the expense of the corps > > (shareholders). > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 16:53:48 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) And, if you believe what we've seen lately in the press, the Andersen auditors are going to the company's new accounting firms with the account. The SAME auditor will be in charge of the audit! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little Sent: Saturday, July 13, 2002 2:56 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) Let us assume that the second house does a full audit. How much confidence can one have that the second audit is "good"? The rules for treatment of the financials do not appear to be absolute, thus the second audit could just be as full of controversy as the first, perhaps in different areas, as the popular sentiment for criticism changes. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, July 13, 2002 1:12 AM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > Do you blame them for wanting to do a full audit? > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > cool way for the Big 4 to increase their revenues and potential > > earnings (BTW, who audits the auditors??). This way they will be > > able to charge for > > two full audits instead of just one, at the expense of the corps > > (shareholders). > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 16:57:32 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) Correction: "...going to the companies' new accounting firms with the accounts." - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Saturday, July 13, 2002 4:54 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) And, if you believe what we've seen lately in the press, the Andersen auditors are going to the company's new accounting firms with the account. The SAME auditor will be in charge of the audit! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little Sent: Saturday, July 13, 2002 2:56 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) Let us assume that the second house does a full audit. How much confidence can one have that the second audit is "good"? The rules for treatment of the financials do not appear to be absolute, thus the second audit could just be as full of controversy as the first, perhaps in different areas, as the popular sentiment for criticism changes. - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Saturday, July 13, 2002 1:12 AM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > Do you blame them for wanting to do a full audit? > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > cool way for the Big 4 to increase their revenues and potential > > earnings (BTW, who audits the auditors??). This way they will be > > able to charge for > > two full audits instead of just one, at the expense of the corps > > (shareholders). > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 15:54:23 -0700 From: "zillagirl" Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) I heard that starting in August the law is different and these people and the CEOs will be breaking the new laws?? Didn't listen to all the details because I thought Id hear it again by then. I was wondering if a lot of these companies will try to restate to get in under the wire. - ----- Original Message ----- From: "Duke Miller" To: Sent: Saturday, July 13, 2002 1:53 PM Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) > And, if you believe what we've seen lately in the press, the Andersen > auditors are going to the company's new accounting firms with the > account. The SAME auditor will be in charge of the audit! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little > Sent: Saturday, July 13, 2002 2:56 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > Let us assume that the second house does a full audit. > How much confidence can one have that the second audit is "good"? The > rules for treatment of the financials do not appear to be absolute, thus > the second audit could just be as full of controversy as the first, > perhaps in different areas, as the popular sentiment for criticism > changes. > > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Saturday, July 13, 2002 1:12 AM > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > > Do you blame them for wanting to do a full audit? > > > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > > > cool way for the Big 4 to increase their revenues and potential > > > earnings (BTW, who audits the auditors??). This way they will be > > > able to charge > for > > > two full audits instead of just one, at the expense of the corps > > > (shareholders). > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 16:27:41 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Worley's Weekend Weeview Here in Los Angeles county, the unemployment rate just hit a 5 year high of 7.1%. California has 29,000 fewer payroll jobs than it did a year ago. Statewide they unemployment rate rose to 6.4% - up from 5.2% a year ago. In the Bay area (covering the Silicon Valley) the unemployment rate is at 7.6%. Note: the jobless rate a year prior was only 1.7%! I was just reading today in the LA Times that losses in manufacturing jobs were offset by gains in the retail, construction, and government sectors. I can't see a real growing economy based on those sectors growth. It's no surprise auto sales are down. Hopefully next year will turn around but I don't see anything soon. - -Bill - ----- Original Message ----- From: "Tom Worley" To: "CANSLIM" Sent: Saturday, July 13, 2002 9:50 AM Subject: [CANSLIM] Worley's Weekend Weeview ECONOMICS Wholesale inventories rose 0.1%, first rise in a year and above expectations of a 0.2% decline, as sales fell. Sales of cars and non-durable goods were the biggest culprits. Goldman Sachs now expects the first hike in Fed rates won't occur until the second half of 2003, a big shift from their earlier forecast of Nov 2002. New unemployment claims spiked 16,000 to over 400K, up to 403,000 and above expectations of 390,000. The 4 week moving average rose to 395K from 393K. PPI (Producer Price Index) also exceeded expectations, rising 0.1% overall and 0.2% on the core rate, both a tenth of a percent higher than expectations. University of Michigan's Consumer Sentiment Index fell sharply to 86.5 from 92.4 despite expectations for a rise to 93. the "expectations" component also fell sharply to 78.5 from 87.9. However, June retail sales rose more than expected, up 1.1% against expectations of 0.7%. Without cars, retail sales were only up 0.4% and a rise of 0.5% on the core rate was expected. Go figure. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 16:40:57 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Somewhat off topic, but not really Thanks for the heads up on this product. I have found that the blocked sender funtion of OE or any other reader works fine unless it's one of those hack spams that auto generates a new from address and subject each time they send out. I have found the best way yet is to contact the sender through various indirect means. This might include finding the email address for sales or support or even the webmaster. Try a search on google for the parent company. Tell them your displeased with their tactics (one of which is to use the unsubcribe funtion to only confirm your address), and wish them to stop. Tell them you've forwarded the spam to the FTC. Tell them your going to charge them $100 bucks per email "advertising fee" to use your server space ( it's legal in Ca.) I have cut my spam from 10-15 a day to 1 or 2 a week using only this method. If all else fails sign up the webmasters and support staff email addresses to each others companys spam. I get great pleasure signing up Equalamail.com to someone elses junk mail. - -Bill - ----- Original Message ----- From: "Duke Miller" To: "CANSLIM" Sent: Saturday, July 13, 2002 7:21 AM Subject: [CANSLIM] Somewhat off topic, but not really > Many of you have mentioned from time to time frustration with spam. In > late June, 24th to be exact, I read on ZD-Net of a product for Microsoft > Outlook from Cloudmark called 'SpamNet.' - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 18:56:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) I think you are referring to a new requirement that the CEOs and CFOs personally certify the accuracy of their Q3 financial reports. A false certification would be subject to criminal prosecution. - ----- Original Message ----- From: "zillagirl" To: Sent: Saturday, July 13, 2002 6:54 PM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) I heard that starting in August the law is different and these people and the CEOs will be breaking the new laws?? Didn't listen to all the details because I thought Id hear it again by then. I was wondering if a lot of these companies will try to restate to get in under the wire. - ----- Original Message ----- From: "Duke Miller" To: Sent: Saturday, July 13, 2002 1:53 PM Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) > And, if you believe what we've seen lately in the press, the Andersen > auditors are going to the company's new accounting firms with the > account. The SAME auditor will be in charge of the audit! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little > Sent: Saturday, July 13, 2002 2:56 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > Let us assume that the second house does a full audit. > How much confidence can one have that the second audit is "good"? The > rules for treatment of the financials do not appear to be absolute, thus > the second audit could just be as full of controversy as the first, > perhaps in different areas, as the popular sentiment for criticism > changes. > > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Saturday, July 13, 2002 1:12 AM > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > > Do you blame them for wanting to do a full audit? > > > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > > > cool way for the Big 4 to increase their revenues and potential > > > earnings (BTW, who audits the auditors??). This way they will be > > > able to charge > for > > > two full audits instead of just one, at the expense of the corps > > > (shareholders). > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 20:22:04 -0500 From: "Hill, Ernie" Subject: [CANSLIM] M - fasten your seatbelt Friends this forecast is made with trepidation. It is not influenced by anything that we have recently discussed or anyone else's work. This forecast comes purely from what I see in the Market from my own system. It is obvious that the last turn high forecast for the 7-15 turn window actually occurred on 7-8 at a price level of 993.59 roughly 5.5 points shy of the forecast level of 999. When a high turn comes early outside the turn window and short of the forecast target it is a signal that the market is very weak and that an acceleration of the decline is likely. The bounce that I am expecting is a common reaction to the "missed" turn window. Often when a turn comes early outside the window prices will bounce near the highest probability turn date. In this case 7-15. I have recently forecast the 964-968 level for the top of this bounce. After doing more work today it appears that the 946 level is an equally likely target for the top of this bounce. Look for these two key levels and expect the market to turn dramatically downward from one of them. This will likely happen Monday or Tuesday. From there the next low turn is due in the time window around 8-13 expect this turn to occur late in the window probably 8-15 or 8-16. My current target range for this low turn is 759-782. I know this is almost unthinkable. If my high bounce target of 964-968 is met this could be a 20% decline in a month. If you are long exercise extreme caution. Dan F enjoy yourself. I feel compelled to add a disclaimer. I am not an investment advisor. This is merely my opinion based on my observations of the market. Before making any investment decisions please seek out a competent investment advisor, someone like your spouse. E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Jul 2002 21:29:53 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) Have to admit I find this provision of the law fairly bizarre. How can a CEO or CFO of a huge corporation personally verify the accuracy of a financial report. Is he or she supposed to hire his own auditors to audit the report. If I were facing a possible criminal charge for false certification, I'd want to........ Jon - ----- Original Message ----- From: "Tom Worley" To: Sent: Saturday, July 13, 2002 6:56 PM Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > I think you are referring to a new requirement that the CEOs and CFOs > personally certify the accuracy of their Q3 financial reports. A false > certification would be subject to criminal prosecution. > > ----- Original Message ----- > From: "zillagirl" > To: > Sent: Saturday, July 13, 2002 6:54 PM > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > I heard that starting in August the law is different and these people and > the CEOs will be breaking the new laws?? Didn't listen to all the details > because I thought Id hear it again by then. I was wondering if a lot of > these companies will try to restate to get in under the wire. > ----- Original Message ----- > From: "Duke Miller" > To: > Sent: Saturday, July 13, 2002 1:53 PM > Subject: RE: [CANSLIM] Accounting stuff (off topic, sorta) > > > > And, if you believe what we've seen lately in the press, the Andersen > > auditors are going to the company's new accounting firms with the > > account. The SAME auditor will be in charge of the audit! > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little > > Sent: Saturday, July 13, 2002 2:56 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > > > > Let us assume that the second house does a full audit. > > How much confidence can one have that the second audit is "good"? The > > rules for treatment of the financials do not appear to be absolute, thus > > the second audit could just be as full of controversy as the first, > > perhaps in different areas, as the popular sentiment for criticism > > changes. > > > > > > ----- Original Message ----- > > From: "Patrick Wahl" > > To: > > Sent: Saturday, July 13, 2002 1:12 AM > > Subject: Re: [CANSLIM] Accounting stuff (off topic, sorta) > > > > > > > Do you blame them for wanting to do a full audit? > > > > > > On 12 Jul 2002 at 23:05, Tom Worley wrote: > > > > > > > cool way for the Big 4 to increase their revenues and potential > > > > earnings (BTW, who audits the auditors??). This way they will be > > > > able to charge > > for > > > > two full audits instead of just one, at the expense of the corps > > > > (shareholders). > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2599 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.