Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] WCOM restatement
Date: Wed, 26 Jun 2002 09:47:30 -0400
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Top of Thread: RE: [CANSLIM] WCOM restatement "Rocky Sanghvi"
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There may be some merit to companies that make goods that I can see, touch and count such as houses, cars, chemicals. There may also be some merit to companies that pay dividends, as the crooks are less likely to borrow or steal funds to pay dividends. - ----- Original Message ----- From: "Dave Cameron" <dfcameron@yahoo.com> To: <canslim@lists.xmission.com> Sent: Wednesday, June 26, 2002 9:33 AM Subject: RE: [CANSLIM] WCOM restatement > Rocky (and all), > > Yeah... this is amazing. As a professional statistician, the recent > events show why I don't use classical statistical techniques in > investing. I sold all my individual holdings in November - haven't > bought back in. Still hold the mutual funds for long term, but > continue to watch them dwindle. > > My line to people at work is that I'll be working until I'm 80.... > > Dave > > --- Rocky Sanghvi <rs@mylodestar.com> wrote: > > I wish I could say that today coming blowoff will be the last one. > > There > > are other skeletons in the closet. More importantly the impact of > > the > > dropping dollar will be enormous in our highly leveraged financial > > system. > > > > From ECON 101 > > Until now we were managing to balance our foreign deficits by > > inflow of cash > > from other countries into our markets. The falling dollar is an > > indication > > that money is moving OUT of the country. Watch out for the ripple > > effects. > > > > Unless ofcourse we attack Iraq immediately and thereby create "a > > demand" for > > the the safety of the American dollar. ;) I guess I am cynical. > > Today > > the market lost me as an investor for a very long time. I quit. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston > > Little > > Sent: Wednesday, June 26, 2002 8:34 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] WCOM restatement > > > > > > > > The mantra of the clowns: > > "I want it ALL" > > "Give it to me NOW" > > "It is MINE, I deserve it" > > > > ----- Original Message ----- > > From: "Kent Norman" <kent_norman@yahoo.com> > > To: <canslim@lists.xmission.com> > > Sent: Wednesday, June 26, 2002 8:12 AM > > Subject: RE: [CANSLIM] WCOM restatement > > > > > > > The answer is: > > > > > > The same childish, short-sighted, immediate satisfaction that > > blinds > > > them to the possibility that there is a tomorrow... They run the > > > business like they live their life. All today and no tomorrow. > > > > > > Kent Norman > > > > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]" > > <john.cefaloni@us.army.mil> > > > wrote: > > > > Well said, Tom. What is it that makes people do things for > > temporary > > > > gain > > > > when they know they'll probably get slammed for it in the > > future? > > > > > > > > I guess it's just greed, stupidity and arrogance. > > > > > > > > -----Original Message----- > > > > From: Tom Worley [mailto:stkguru@bellsouth.net] > > > > Sent: Wednesday, June 26, 2002 12:53 AM > > > > To: CANSLIM > > > > Subject: [CANSLIM] WCOM restatement > > > > > > > > > > > > once again, Andersen strikes again, this time by signing off on > > > > Worldcom > > > > hiding over $3 billion in expenses as capital expenditures, and > > thus > > > > inflating cash flow. Restatement expected to take away last > > five > > > > quarters of > > > > profits and turn them into losses. > > > > > > > > Who gave this sanction to a deviation from GAAP (Generally > > Accepted > > > > Accounting Principles)?? Andersen, of course. It's clear that > > Enron > > > > was only > > > > the tip of the iceberg, as if Waste Management, Sunbeam, and a > > host > > > > of other > > > > companies were not sufficient warning of major problems in > > corporate > > > > policy > > > > and infrastructure. Sad to see a great name like Andersen > > prostituted > > > > to > > > > selling its certification services for any price, but also > > clear that > > > > it > > > > must disappear from corporate America. And until every major > > company > > > > audited > > > > by Andersen undergoes a special review by the SEC on accounting > > > > practices, I > > > > doubt anyone will believe that we have finally seen it all. > > > > > > > > Tom Worley > > > > stkguru@bellsouth.net > > > > AIM: TexWorley > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > ===== > > > Opportunities always look bigger going than coming. > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Yahoo! - Official partner of 2002 FIFA World Cup > > > http://fifaworldcup.yahoo.com > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > Do You Yahoo!? > Yahoo! - Official partner of 2002 FIFA World Cup > http://fifaworldcup.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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Top of Thread: RE: [CANSLIM] WCOM restatement "Rocky Sanghvi"
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