Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Another Andersen client
Date: Mon, 28 Jan 2002 22:18:33 -0600
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Mike, jans, Patrick,
Thanks for an enjoyable exchange. If it can be this complicated just =
*talking* about dereg, analysts, accounts, consultants, ENE, and =
Anderson--then imagine how easy it is to muddy the financial and =
political waters just enough so that *nobody* can figure out what's =
really going on. I am reminded of the great Houdini. Marvelous =
illusionist, very entertaining, lived a good life---until someone sucker =
punched him when he wasn't paying attention.
Katherine
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Monday, January 28, 2002 10:15 PM
Subject: RE: [CANSLIM] Another Andersen client
Hans, I was adding amplification to Patrick Wahl's point about =
industry
analyst's advice being unreliable. I was not blamimg de-regulation for =
the
Enron debacle.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Spencer48@aol.com
Sent: Monday, January 28, 2002 5:33 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Another Andersen client
Mike:
I'm not certain what you're saying here. Is the conclusion =
suppose to
be that deregulation and increased competition led to the Enron =
debacle?
But, if so, and if dereg began in the 70's, why did it take 30 years =
for a
financial catastrophe like this one to occur? And if it didn't take =
30
years-what was the first one?
And does the go-go era of the 90's (stock market wise) evince
convincing
contrary evidence that dereg and increased competition in commisssions =
is a
bad thing?
Moreover, I'd hazard that a lot of people including corporate =
accounts
and investment bank officers lost money in Enron. That's why it =
plummeted
the way it did-because everyone was selling, and no one (except =
perhaps
Anderson auditors, and certain officials in Enron) had any idea-since =
the
losses were off the books-why.
jans
In a message dated 1/28/2002 9:36:18 PM Eastern Standard Time,
mikegibbons@proactech.com writes:
<< Yes, commissions were deregulated in the 70's and competition and =
the
internet have driven them ever lower making the investment banks =
dependant
on thier corporate instead of retail clients. An example of the =
unintended
consequences of deregulation. Every silver lining has a cloud.
>>
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<BODY bgColor=3D#ffffff>
<DIV>Mike, jans, Patrick,</DIV>
<DIV> </DIV>
<DIV>Thanks for an enjoyable exchange. If it can be this complicated =
just=20
*talking* about dereg, analysts, accounts, consultants, ENE, and =
Anderson--then=20
imagine how easy it is to muddy the financial and political waters just =
enough=20
so that *nobody* can figure out what's really going on. I am reminded of =
the=20
great Houdini. Marvelous illusionist, very entertaining, lived a good=20
life---until someone sucker punched him when he wasn't paying =
attention.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, January 28, 2002 =
10:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Another =
Andersen=20
client</DIV>
<DIV><BR></DIV>Hans, I was adding amplification to Patrick Wahl's =
point about=20
industry<BR>analyst's advice being unreliable. I was not blamimg =
de-regulation=20
for the<BR>Enron debacle.<BR><BR>Aloha,<BR><BR>Mike =
Gibbons<BR>Proactive=20
Technologies, LLC<BR><A=20
=
href=3D"http://www.proactech.com">http://www.proactech.com</A><BR><BR><BR=
>-----Original=20
Message-----<BR>From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]On=20
Behalf Of <A =
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A><BR>Sent:=20
Monday, January 28, 2002 5:33 PM<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
Re: [CANSLIM] Another Andersen=20
client<BR><BR><BR>Mike:<BR><BR> I'm not =
certain what=20
you're saying here. Is the conclusion suppose to<BR>be that =
deregulation=20
and increased competition led to the Enron debacle?<BR>But, if so, and =
if dereg began in the 70's, why did it take 30 years for =
a<BR>financial=20
catastrophe like this one to occur? And if it didn't take=20
30<BR>years-what was the first one?<BR><BR> =
And does=20
the go-go era of the 90's (stock market wise) =
evince<BR>convincing<BR>contrary=20
evidence that dereg and increased competition in commisssions is =
a<BR>bad=20
thing?<BR><BR> Moreover, I'd hazard that a lot =
of=20
people including corporate accounts<BR>and investment bank officers =
lost money=20
in Enron. That's why it plummeted<BR>the way it did-because =
everyone was=20
selling, and no one (except perhaps<BR>Anderson auditors, and certain=20
officials in Enron) had any idea-since the<BR>losses were off the=20
books-why.<BR><BR>jans<BR><BR><BR><BR><BR>In a message dated 1/28/2002 =
9:36:18=20
PM Eastern Standard Time,<BR><A=20
=
href=3D"mailto:mikegibbons@proactech.com">mikegibbons@proactech.com</A>=20
writes:<BR><BR><< Yes, commissions were deregulated in the 70's =
and=20
competition and the<BR> internet have driven them ever lower =
making the=20
investment banks dependant<BR> on thier corporate instead of =
retail=20
clients. An example of the unintended<BR> consequences of =
deregulation.=20
Every silver lining has a cloud.<BR> >><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email=20
"<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". =20
Do not use quotes in your email.</BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): RE: [CANSLIM] Another Andersen client "Mike Gibbons"
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