Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 13:17:21 -0400
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even when the numbers themselves are honest, there is still a problem in =
what companies are allowed to say. Under the Reg FD (Full Disclosure), =
they now must tell us what they used to say only in private with =
analysts and their large institutional investors. However, there is no =
requirement for them to update any "forward looking" statement if =
subsequent events mean it is no longer correct.
And the surveillance programs by both NASD and SEC seem to have become a =
joke. I see more and more stocks that trade huge volume, and make major =
price swings, only to have news released hours or days later. It doesn't =
take a rocket scientist to see that the news was leaked early, and =
traded on it, before it was publicly released. Yet I don't see the =
regulators acting.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Ira Post=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 14, 2002 1:11 PM
Subject: Re: [CANSLIM] Bear Rally?
Mona, we can't always trust the financial numbers as we are finding out. =
It's a crazy time to be an investor, but every market has it's =
opportunities. We just have to look patiently and persistently. =20
Ira
----- Original Message -----=20
From: Mona Guarino=20
To: canslim@lists.xmission.com=20
Sent: Sunday, April 14, 2002 3:58 PM
Subject: RE: [CANSLIM] Bear Rally?
Ira, thanks for the Twinkies metaphor. I, for one, have not recovered =
nearly enough from the stomach ache from over eating the Twinkies to be =
much tempted by tech stocks.
It's less that I want a bull market at this point and more that I'd =
like a little rationality. Maybe this is simply inexperience and there =
is nothing different about the current market, but it seems that bad =
news, good news, or no news can all bring down a stock; hard to have =
much confidence in your own due diligence when you're new at it and you =
can't seem to trust pundits, accountants, or analysists or even the #s =
themselves for much of anything.
-- Mona
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Ira Post
Sent: Sunday, April 14, 2002 9:43 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Bear Rally?
Mona and Katherine,
Very good points on market direction. We'd all love to have another =
bull market, but we haven't sufficiently absorbed the last one. P/E's =
are still very high. I think a sideways move for a number of years is a =
very likely transition to whatever comes next. I also agree that tech =
stocks will recover somewhat, but not lead the market like they did in =
the nineties.
Tech stocks are often like Hostess Twinkies. They're so attractive, =
but usually lack substance. One has to be very careful to use good due =
diligence on the financials on tech stocks like on every other stock.
Ira
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<DIV><FONT face=3DArial>even when the numbers themselves are honest, =
there is=20
still a problem in what companies are allowed to say. Under the Reg FD =
(Full=20
Disclosure), they now must tell us what they used to say only in private =
with=20
analysts and their large institutional investors. However, there is no=20
requirement for them to update any "forward looking" statement if =
subsequent=20
events mean it is no longer correct.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>And the surveillance programs by both NASD and =
SEC seem to=20
have become a joke. I see more and more stocks that trade huge volume, =
and make=20
major price swings, only to have news released hours or days later. It =
doesn't=20
take a rocket scientist to see that the news was leaked early, and =
traded on it,=20
before it was publicly released. Yet I don't see the regulators=20
acting.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dip108@yahoo.com href=3D"mailto:ip108@yahoo.com">Ira Post</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Sunday, April 14, 2002 1:11 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Bear Rally?</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Mona, we can't always trust the =
financial numbers=20
as we are finding out. It's a crazy time to be an investor, but =
every=20
market has it's opportunities. We just have to look patiently and=20
persistently. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Ira</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dwebmaster@design21.com =
href=3D"mailto:webmaster@design21.com">Mona=20
Guarino</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> Sunday, April 14, 2002 =
3:58=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Bear =
Rally?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D780334619-14042002>Ira,=20
thanks for the Twinkies metaphor. I, for one, have not recovered =
nearly enough=20
from the stomach ache from over eating the Twinkies to be much tempted =
by tech=20
stocks.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D780334619-14042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D780334619-14042002>It's=20
less that I want a bull market at this point and more that I'd like a =
little=20
rationality. Maybe this is simply inexperience and there is nothing =
different=20
about the current market, but it seems that bad news, good news, or no =
news can all bring down a stock; hard to have much confidence in =
your own=20
due diligence when you're new at it and you can't seem to trust =
pundits,=20
accountants, or analysists or even the #s themselves for much of=20
anything.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D780334619-14042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D780334619-14042002>--=20
Mona</SPAN></FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px =
solid; MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Ira=20
Post<BR><B>Sent:</B> Sunday, April 14, 2002 9:43 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Bear=20
Rally?<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Mona and Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Very good points on market =
direction. =20
We'd all love to have another bull market, but we haven't =
sufficiently=20
absorbed the last one. P/E's are still very high. I =
think a=20
sideways move for a number of years is a very likely transition to =
whatever=20
comes next. I also agree that tech stocks will recover =
somewhat, but=20
not lead the market like they did in the nineties.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Tech stocks are often like Hostess=20
Twinkies. They're so attractive, but usually lack =
substance. One=20
has to be very careful to use good due diligence on the financials =
on tech=20
stocks like on every other stock.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial=20
size=3D2>Ira</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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