Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 19:42:23 -0400
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What? I can't believe you guys spent the whole afternoon answering my
question I so innocently posed (to stir up some meaty discussion). I
was busy watching the Masters (Yes, Tiger did it again).
Just want to thank all of you for your fine input as usual.
The only opinion I can render at this point about the market is I'm 90%
cash!
Have a great weak hunting.
duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Sunday, April 14, 2002 1:17 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Bear Rally?
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 -----
From: Ira Post <mailto:ip108@yahoo.com>
To: canslim@lists.xmission.com
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.
Ira
- ----- Original Message -----
From: Mona <mailto:webmaster@design21.com> Guarino
To: canslim@lists.xmission.com
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><SPAN class=3D122043623-14042002><FONT face=3DArial>What? I =
can't believe=20
you guys spent the whole afternoon answering my question I so innocently =
posed=20
(to stir up some meaty discussion). I was busy watching the =
Masters=20
(Yes, Tiger did it again). </FONT></SPAN></DIV>
<DIV><SPAN class=3D122043623-14042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D122043623-14042002><FONT face=3DArial>Just want to =
thank all of=20
you for your fine input as usual. </FONT></SPAN></DIV>
<DIV><SPAN class=3D122043623-14042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D122043623-14042002><FONT face=3DArial>The only =
opinion I can=20
render at this point about the market is I'm 90% cash! =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D122043623-14042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D122043623-14042002><FONT face=3DArial>Have a great =
weak=20
hunting.</FONT></SPAN></DIV>
<DIV><SPAN class=3D122043623-14042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D122043623-14042002><FONT =
face=3DArial>duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Tom Worley<BR><B>Sent:</B> Sunday, April 14, 2002 =
1:17=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
Bear Rally?<BR><BR></FONT></DIV>
<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 =
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=20
to have become a joke. I see more and more stocks that trade huge =
volume, and=20
make major price swings, only to have news released hours or days =
later. It=20
doesn't take a rocket scientist to see that the news was leaked early, =
and=20
traded on it, 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>=
=20
</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=20
Rally?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20
class=3D780334619-14042002>Ira, thanks for the Twinkies metaphor. I, =
for one,=20
have not recovered nearly enough from the stomach ache from over =
eating the=20
Twinkies to be much tempted by tech 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=20
class=3D780334619-14042002>It's less that I want a bull market at =
this point=20
and more that I'd like a little rationality. Maybe this is simply=20
inexperience and there is nothing different about the current =
market, but it=20
seems that bad news, good news, or no news can all bring down a =
stock;=20
hard to have much confidence in your own due diligence when you're =
new at it=20
and you can't seem to trust pundits, accountants, or analysists or =
even the=20
#s themselves for much of 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 comes next. I also agree that tech stocks will =
recover=20
somewhat, but not lead the market like they did in the=20
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. =20
One has to be very careful to use good due diligence on the =
financials on=20
tech 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></BLOCKQUOTE></BODY></=
HTML>
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