Re: [CANSLIM] Law Suits (was ACRT or MXT?)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Law Suits (was ACRT or MXT?)
Date: Mon, 27 May 2002 19:05:53 -0400

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Hi Norman,

A class action lawsuit can drag on for years. At the least, it may cause a
company to reserve funds for a settlement and legal expenses that could be
better used to build the company. If the same officers are still in place,
it can cause a loss of confidence in their present day business dealings.
But in any case, it puts a negative on the stock. It may be able to overcome
the negative and go up in price, but is still affected.

If insiders were selling during the class action period, and undoubtedly
some did, there may be another lawsuit alleging insider trading.

Prior year earnings and sales figures may end up having to be restated,
especially if some of those private loans are not paid off.

Bottom line, it adds to the uncertainty you already have when investing.

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Monday, May 27, 2002 6:53 PM
Subject: Re: [CANSLIM] Law Suits (was ACRT or MXT?)


Katherine,

shed some light on that point for me.  I have seen many companies the
subject of law suits in the past for exactly this type of thing:  making
misleading or false statements during specific time periods, usually just
before the stock price tanks.  It seems that this happened often after March
2000.  How can one tell if a law suit is significant/legitimate or just
disgruntled stock holders?  Is it significant just because the legal papers
have been filed?  And, does that trouble extend until the legal action is
dismissed?

norm

- ----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Monday, May 27, 2002 5:14 PM
Subject: Re: [CANSLIM] ACRT or MXT?


Hi James & Tom,

Not to mention things like this in the significant developments raise enough
red flags to stay away from something like ACRT:

http://yahoo.marketguide.com/MGI/news.asp?target=stocks%2Fcompanyinformation
%2Fnews&Ticker=ACRT&TEXT=CMTX:20020412:102u4338

I'm with Tom.....just get in the habit of ignoring stocks with an RS<60 and
don't be tempted to bottom fish. Go to Investors.com and read articles on
Fallen Angels and Falling Knives to get the gist.

Katherine
  ----- Original Message -----
  From: Tom Worley
  To: canslim@lists.xmission.com
  Sent: Monday, May 27, 2002 4:53 PM
  Subject: Re: [CANSLIM] ACRT or MXT?


  H James,

  RS of 30 would keep ACRT off my list
  RS of 18 would also block MCSI
  RS of 9 on NYFX, goodbye
  RS of 14 on MXT - sorry, none would go beyond a first glance for me

  all have recent, and substantial, overhead due to the recent price
declines.
  They will be fighting resistance all the way back up.

  ----- Original Message -----
  From: "James Wang" <jamesjw1@hotmail.com>
  To: <canslim@lists.xmission.com>
  Sent: Monday, May 27, 2002 5:29 PM
  Subject: [CANSLIM] ACRT or MXT?




  Hi, Just to learn recognizing potential winning
  stocks, by their both fundamantals and technical
  analysis.  I recently did some research on the following
  stocks, and find they could be great candidates for
  longs.  What do you think:

  ACRT: steady earings, low PE and low PEG, high short ratio.

  MCSI: good earings, good values.

  NYFX: should be great with economy's recovery.

  MXT: great potential with recovery, over 80% short in floats.  Great
values.

  James

  _________________________________________________________________
  Chat with friends online, try MSN Messenger: http://messenger.msn.com


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