Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] WCOM restatement
Date: Wed, 26 Jun 2002 11:57:00 -0400
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Jon: What was Schwart planning to do with the gold .... wear it or eat it? - ----- Original Message ----- From: "J. Lobatto" <jlobatto@nyc.rr.com> To: <canslim@lists.xmission.com> Sent: Wednesday, June 26, 2002 11:47 AM Subject: Re: [CANSLIM] WCOM restatement > PS- For anyone who wants to read a brief but very vivid close up account of > that fateful day in 1987, I recommend Marty Schwartz's "Pitbull". It has a > short section on the day of the crash when Marty went to his safe deposit > box to "get the gold" as he was one of those that expected the whole system > to come undone. He states in the book that the public will never know how > close we came to the events he feared..... > > 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". 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