Go to Jeff Salisbury LWGate Home Page.From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] PSFT: More accounting shenanigans?
Date: Tue, 22 Jan 2002 09:34:43 -0800
Previous Article (by Subject): Re: [CANSLIM] Panic attack ... "Tom Worley"
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I can already see that WON's HTMMIS is going to need to be updated to include proper reading (and dissecting) of the 10Q's and 10K's. It used to be enough to look at earnings in the context it is presented and then look at the technicals. I used to base much of my info on IBD's ratings. I now see it can be very flawed if based on "questionable" accounting. Reading the average earning report now can be like reading the bottom paragraph of a car loan document. I hope something good comes out of this whole Enron disaster. - -Bill - ----- Original Message ----- From: "Katherine Malm" <kmalm@earthlink.net> To: <canslim@lists.xmission.com> Sent: Tuesday, January 22, 2002 9:04 AM Subject: Re: [CANSLIM] PSFT: More accounting shenanigans? Hate to say it, but there's no substitution for a good read of the 10Q's and 10K's in combination with a good review of past news stories. Any yellow flags in the news stories should warrant a deeper dive into the financials. Any "odd" comments or financial "oddities" in the financial statements can be noted and investigated. (I always head straight for the management discussion of results and the pending legal actions sections. Then look for odd accounting footnotes in the financials.) Can't catch them all, but without the due diligence, there's *no* chance of catching them. If a stock has too many yellow flags during DD, I just cross it off the list. There's plenty of fish in the sea. Despite all that, technical action usually speaks for these stocks long before the historical fundamentals "explain" the problems. Investors who don't combine technical/fundamental work miss the clues. Katherine ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Tuesday, January 22, 2002 10:52 AM Subject: Re: [CANSLIM] PSFT: More accounting shenanigans? so, how can small investors detect, much less avoid, these kinds of slick tricks? - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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