RE: [CANSLIM] Another Andersen client

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] Another Andersen client
Date: Mon, 28 Jan 2002 18:15:02 -1000

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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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