Re: AW: [CANSLIM] PSFT: More accounting shenanigans?

From: Spencer48@aol.com
Subject: Re: AW: [CANSLIM] PSFT: More accounting shenanigans?
Date: Tue, 22 Jan 2002 15:48:57 EST

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Tom:

     To me, before the August downtrend began, K-Mart (as to Andreas) didn't 
look REALLY bad-chart wise.  So, assuming the chart looked nice, why 
shouldn't one have gone with K-Mart in the summer of 2001.  

     The EARNINGS were horrible.  I imagine 2001's projected earnings were 
50% down.  And the quarterly earnings seem to go into negative growth.  
Moreover, sales were not at all that robust.  Today ROE is 3% in DGO-it 
probably wasn't much different in the summer.  And I can't imagine WON 
declaring-based on the fundamental stats I just adduced:  "K-Mart is one 
hellacious of a CANSLIM stock."

jans

In a message dated 1/22/2002 12:04:51 PM Eastern Standard Time, 
judgejimmy@web.de writes:

<< Know and use technical sell rules.

 KM fundamentally did not look that bad (at least the public did not think 
 about
 bankrupt) until just before Christmas.

 But way before the technicall sell rules applied.
 GAP Down on record Volume, leaving a trading range occoured on 8/24.
 Well, then you should go out.

 But I know that the average Joe, who only has a 401k and invests only
 for retirement without the knowlege and time we have cant make that call 
 and I feel really sorry for them.

 But then, do not play a game you do not know, go into index or mutal funds 
 ...

 > -----Ursprungliche Nachricht-----
 > Von: Tom Worley [SMTP:stkguru@netside.net]
 > Gesendet am: Tuesday, January 22, 2002 5:52 PM
 > An:  canslim@lists.xmission.com
 > Betreff: Re: [CANSLIM] PSFT: More accounting shenanigans?
 >
 > so, how can small investors detect, much less avoid, these kinds of slick 
 tricks?
 >
 > Tom Worley >>

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