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

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: AW: [CANSLIM] PSFT: More accounting shenanigans?
Date: Tue, 22 Jan 2002 17:29:34 -0500

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The only thing I can add is that I avoid retailers in a recessionary cycle.
By last summer, it was apparent the economy was slowing sharply, even into
recession. And unemployment was increasing. The only valid argument I could
see then as to why KM, or any other discounting retailer, would be able to
expand sales was from cost conscious shoppers. Even so, it was easy to
assume that profit margins would be getting squeezed as wholesalers tried to
protect their profits.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 22, 2002 3:48 PM
Subject: Re: AW: [CANSLIM] PSFT: More accounting shenanigans?

> 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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