Go to Jeff Salisbury LWGate Home Page.From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] WCOM restatement
Date: Wed, 26 Jun 2002 11:33:08 -0400
Next Article (by Author): Re: [CANSLIM] WCOM restatement "Katherine Malm"
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Kelly, Actually the 1987 crash was far more frightening although much briefer, as most of the damage was done all in one day and there were many people that expected an economic meltdown the following morning. Perhaps one of the reasons this market continues down is that it's a "chinese water torture" type of affair that is not creating real white knuckle fear, just a gnawing tightness in the gut that continues day after day. Jon - ----- Original Message ----- From: "Kelly Short" <kelly.short@neoris.com> To: <canslim@lists.xmission.com> Sent: Wednesday, June 26, 2002 11:25 AM Subject: RE: [CANSLIM] WCOM restatement If I were new to this earth and had just learned what the US stock market was by reading the comments shared this morning post-Worldcom I'd think the stock market was going bye-bye. I'll admit- I'm still wet behind the ears when it comes to investing experience but I can't for a minute believe that the same types of comments weren't passed around (albeit pre-Internet, shiver) regarding the 1987 crash. Can anyone remember back that far? I am correct and memory short? Or this truly "new"? Sorry folks- I was in the sixth grade in 1987. Kelly P.S. - thanks for the "Wall Street" quotes- it's the most used DVD I own! - -----Original Message----- From: Cefaloni, John L Jr. [AMSTA-AR-WEA] [mailto:john.cefaloni@us.army.mil] Sent: Wednesday, June 26, 2002 10:18 AM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] WCOM restatement At the risk of being corny, I thought I'd dig up some quotes from the movie "Wall Street" (because Hollywood tells us everything we need to know about life ;-) "The main thing about money, Bud, is that it makes you do things you don't want to do." "Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others." "Stick to the fundamentals. That's how IBM and Hilton were built." "There are no shotcuts. Quick-buck artists come and go with every bull market, but the steady players make it through the bear markets." "You're on a roll, kid. Enjoy it while it lasts, becuase it never does." and, of course... "Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss." Of course, the movie is packed with many more "bullish" quotes, but those will have to wait for another day. - -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Wednesday, June 26, 2002 10:33 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] WCOM restatement People in the rust belt are back in style. I believe the expression is "The meek shall inherit the earth". There is merit to the people who work and sweat for a living, instead of the glorified crooks of the past three years. Remember all those clowns forming companies (with NO EARNINGS) that had market capitalization greater than that of General Motors? Today: Lear LEI is up.They make car seats and interior parts. Delphi DPH guided up yesterday. They make electronic parts for cars (mostly GM). Visteon VC guided up this morning.They make car parts (mostly for Ford). P&G ( as Duke pointed out) is up. Soap, toothpaste and paper towels. Donnelly DON (mirrors for cars) is to be bought out by Magna (they make car parts) at 38% premium. - ----- Original Message ----- From: "Duke Miller" <dukemill@tampabay.rr.com> To: <canslim@lists.xmission.com> Sent: Wednesday, June 26, 2002 10:07 AM Subject: RE: [CANSLIM] WCOM restatement > Absolutely. > > P&G is up over $1 at the open this a.m. Up 16% this year. 43% last two > years. Soap, toothpaste, quality people. All things you can count > (on). > > Duke > > (I do have a position in P&G) > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little > Sent: Wednesday, June 26, 2002 9:48 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] WCOM restatement > > > 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. > > > - > -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. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.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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