Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: DVD's (was [CANSLIM] WCOM restatement)
Date: Wed, 26 Jun 2002 11:27:20 -0500
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For starters:
- -DVD distributors such as DISK, HDL etc
- -Retailers such as AMZN, BBY etc
- -Hardware---runs the gamut from gaming hardware (Nintendo, XBox, etc), =
to video chips to handle the increased graphics requirements, to -DVD =
players (Samsung, Matsushita), to chips (INTC and some specialty chip =
makers), to DVD drive makers, etc.
- -Software, such as NAVR and ROXI etc.
- -Hardware components distributors such as TECD, IM, Games Makers who =
will beef up games offereings given the extra content capabilities of =
DVD based games, etc.
- -etc
- -etc
Katherine
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 26, 2002 10:50 AM
Subject: RE: [CANSLIM] WCOM restatement
Katherine-
I think you recapped the past three weeks worth of conversations- =
we're all bored! So let me pose this question to the group: DVD's. Who =
makes money off DVD's?=20
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Wednesday, June 26, 2002 10:40 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] WCOM restatement
Hi Kelly,
The '87 crash was considerably different....far more an event than a =
process as is the current Bear which is undoing the excesses of the late =
'90's. At that time, cocktail conversations rarely included talk of =
stocks, but on Black Monday...people who didn't even know what the stock =
market was all about were gathered around the TV at lunch time. In =
retrospect, the Fed's quick intervention and the adjustments to program =
trading guidelines made this a blip on the bull market screen, so the =
"throwing in the towel" talk was far more short-lived than now. Most =
folks investing these days know little of what creates value and =
perceived value in the stock market. Even fewer are students of market =
history. But I'd bet the same conversations could be heard in the 30's =
and the 60's. Sometimes the best way to *really* learn it is to live it.
Besides, we're bored to tears..... :)) But I *am* enjoying the time =
off to pursue summer reading...throw away novels of little consequence, =
mindless fluff ....ah, what a pleasure!
Katherine
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 26, 2002 10:25 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."=20
"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.
> > > > >
> > > > > -
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> > > > > the email body, write "subscribe canslim" or =
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> > > > > canslim". Do not use quotes in your email.
> > > >
> > > >
> > > > =3D=3D=3D=3D=3D
> > > > 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.
> >
> >
> > =3D=3D=3D=3D=3D
> > 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.
> >
>
>
> -
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>
>
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>
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<DIV>For starters:</DIV>
<DIV> </DIV>
<DIV>-DVD distributors such as DISK, HDL etc</DIV>
<DIV>-Retailers such as AMZN, BBY etc</DIV>
<DIV>-Hardware---runs the gamut from gaming hardware (Nintendo, XBox, =
etc), to=20
video chips to handle the increased graphics requirements, to -DVD =
players=20
(Samsung, Matsushita), to chips (INTC and some specialty chip makers), =
to DVD=20
drive makers, etc.</DIV>
<DIV>-Software, such as NAVR and ROXI etc.</DIV>
<DIV>-Hardware components distributors such as TECD, IM, Games Makers =
who will=20
beef up games offereings given the extra content capabilities of DVD =
based=20
games, etc.</DIV>
<DIV>-etc</DIV>
<DIV>-etc</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dkelly.short@neoris.com =
href=3D"mailto:kelly.short@neoris.com">Kelly=20
Short</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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June 26, 2002 =
10:50=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] WCOM=20
restatement</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Katherine-</FONT></SPAN></DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff size=3D2>I=20
think you recapped the past three weeks worth of conversations- we're =
all=20
bored! So let me pose this question to the group: DVD's. Who makes =
money off=20
DVD's? </FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, June 26, =
2002 10:40=20
AM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] WCOM restatement<BR><BR></FONT></DIV>
<DIV>Hi Kelly,</DIV>
<DIV> </DIV>
<DIV>The '87 crash was considerably different....far more an event =
than a=20
process as is the current Bear which is undoing the excesses of the =
late=20
'90's. At that time, cocktail conversations rarely included talk of =
stocks,=20
but on Black Monday...people who didn't even know what the stock =
market was=20
all about were gathered around the TV at lunch time. In retrospect, =
the=20
Fed's quick intervention and the adjustments to program trading =
guidelines=20
made this a blip on the bull market screen, so the "throwing in the =
towel"=20
talk was far more short-lived than now. Most folks investing these =
days know=20
little of what creates value and perceived value in the stock =
market. Even=20
fewer are students of market history. But I'd bet the same =
conversations=20
could be heard in the 30's and the 60's. Sometimes the best way to =
*really*=20
learn it is to live it.</DIV>
<DIV> </DIV>
<DIV>Besides, we're bored to tears..... :)) But I *am* enjoying the =
time off=20
to pursue summer reading...throw away novels of little =
consequence,=20
mindless fluff ....ah, what a pleasure!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkelly.short@neoris.com =
href=3D"mailto:kelly.short@neoris.com">Kelly=20
Short</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Wednesday, June 26, =
2002 10:25=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] WCOM =
restatement</DIV>
<DIV><BR></DIV>If I were new to this earth and had just learned =
what the=20
US stock market was by reading the comments shared this morning=20
post-Worldcom I'd think the stock market was going bye-bye. I'll =
admit-=20
I'm still wet behind the ears when it comes to investing =
experience but I=20
can't for a minute believe that the same types of comments weren't =
passed=20
around (albeit pre-Internet, shiver) regarding the 1987 crash. Can =
anyone=20
remember back that far? I am correct and memory short? Or this =
truly=20
"new"? Sorry folks- I was in the sixth grade in=20
1987.<BR><BR>Kelly<BR><BR>P.S. - thanks for the "Wall Street" =
quotes- it's=20
the most used DVD I own!<BR><BR>-----Original =
Message-----<BR>From:=20
Cefaloni, John L Jr.=20
[AMSTA-AR-WEA]<BR>[mailto:john.cefaloni@us.army.mil]<BR>Sent: =
Wednesday,=20
June 26, 2002 10:18 AM<BR>To: <A=20
=
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A><BR>Subject:=20
RE: [CANSLIM] WCOM restatement<BR><BR><BR>At the risk of being =
corny, I=20
thought I'd dig up some quotes from the movie<BR>"Wall Street" =
(because=20
Hollywood tells us everything we need to know about<BR>life=20
;-)<BR><BR>"The main thing about money, Bud, is that it makes you =
do=20
things you don't<BR>want to do."<BR><BR>"Stop going for the easy =
buck and=20
start producing something with your life.<BR>Create, instead of =
living off=20
the buying and selling of others." <BR><BR>"Stick to the=20
fundamentals. That's how IBM and Hilton were =
built."<BR><BR>"There=20
are no shotcuts. Quick-buck artists come and go with every=20
bull<BR>market, but the steady players make it through the bear=20
markets."<BR><BR>"You're on a roll, kid. Enjoy it while it =
lasts,=20
becuase it never does."<BR><BR>and, of course...<BR><BR>"Man looks =
in the=20
abyss, there's nothing staring back at him. At that<BR>moment, man =
finds=20
his character. And that is what keeps him out of =
the<BR>abyss."<BR><BR>Of=20
course, the movie is packed with many more "bullish" quotes, but=20
those<BR>will have to wait for another day.<BR><BR>-----Original=20
Message-----<BR>From: Winston Little=20
[mailto:wlittle1@peoplepc.com]<BR>Sent: Wednesday, June 26, 2002 =
10:33=20
AM<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
Re: [CANSLIM] WCOM restatement<BR><BR><BR>People in the rust belt =
are back=20
in style.<BR><BR>I believe the expression is "The meek shall =
inherit the=20
earth".<BR>There is merit to the people who work and sweat for a =
living,=20
instead of the<BR>glorified crooks of the past three =
years.<BR>Remember=20
all those clowns forming companies (with NO EARNINGS) that =
had<BR>market=20
capitalization greater than that of General =
Motors?<BR><BR>Today:<BR>Lear=20
LEI is up.They make car seats and interior parts.<BR>Delphi DPH =
guided up=20
yesterday. They make electronic parts for cars =
(mostly<BR>GM).<BR>Visteon=20
VC guided up this morning.They make car parts (mostly for=20
Ford).<BR>P&G ( as Duke pointed out) is up. Soap, toothpaste =
and paper=20
towels.<BR>Donnelly DON (mirrors for cars) is to be bought =
out by=20
Magna (they make car<BR>parts) at 38% =
premium.<BR><BR><BR><BR><BR>-----=20
Original Message -----<BR>From: "Duke Miller" <<A=20
=
href=3D"mailto:dukemill@tampabay.rr.com">dukemill@tampabay.rr.com</A>>=
<BR>To:=20
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Wednesday, June 26, 2002 10:07 AM<BR>Subject: RE: [CANSLIM] WCOM=20
restatement<BR><BR><BR>> Absolutely.<BR>><BR>> P&G is =
up over=20
$1 at the open this a.m. Up 16% this year. 43% last=20
two<BR>> years. Soap, toothpaste, quality people. =
All=20
things you can count<BR>> (on).<BR>><BR>> =
Duke<BR>><BR>> (I=20
do have a position in P&G)<BR>><BR>> -----Original=20
Message-----<BR>> From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>>=20
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston=20
Little<BR>> Sent: Wednesday, June 26, 2002 9:48 AM<BR>> To: =
<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>>=20
Subject: Re: [CANSLIM] WCOM restatement<BR>><BR>><BR>> =
There may=20
be some merit to companies that make goods that I can see,<BR>> =
touch=20
and count such as houses, cars, chemicals.<BR>><BR>> There =
may also=20
be some merit to companies that pay dividends, as the<BR>> =
crooks are=20
less likely to borrow or steal funds to pay=20
dividends.<BR>><BR>><BR>> ----- Original Message =
- -----<BR>>=20
From: "Dave Cameron" <<A=20
=
href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A>><BR>> =
To:=20
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>>=20
Sent: Wednesday, June 26, 2002 9:33 AM<BR>> Subject: RE: =
[CANSLIM] WCOM=20
restatement<BR>><BR>><BR>> > Rocky (and all),<BR>>=20
><BR>> > Yeah... this is amazing. As a =
professional=20
statistician, the recent<BR>> > events show why I don't use=20
classical statistical techniques in<BR>> > =
investing. I=20
sold all my individual holdings in November - haven't<BR>> > =
bought=20
back in. Still hold the mutual funds for long term,=20
but<BR>> > continue to watch them dwindle.<BR>> =
><BR>> >=20
My line to people at work is that I'll be working until I'm =
80....<BR>>=20
><BR>> > Dave<BR>> ><BR>> > --- Rocky Sanghvi =
<<A=20
href=3D"mailto:rs@mylodestar.com">rs@mylodestar.com</A>> =
wrote:<BR>>=20
> > I wish I could say that today coming blowoff will be the =
last=20
one.<BR>> > > There are other skeletons in the =
closet. More=20
importantly the<BR>> > > impact of the<BR>> > > =
dropping=20
dollar will be enormous in our highly leveraged financial<BR>> =
>=20
> system.<BR>> > ><BR>> > > From ECON =
101<BR>>=20
> > Until now we were managing to balance our foreign =
deficits by=20
inflow<BR>><BR>> > > of cash from other countries into =
our=20
markets. The falling dollar<BR>> > > is an=20
indication<BR>> > > that money is moving OUT of the=20
country. Watch out for the ripple<BR>> > > =
effects.<BR>>=20
> ><BR>> > > Unless ofcourse we attack Iraq =
immediately and=20
thereby create "a<BR>> > > demand" for<BR>> > > =
the the=20
safety of the American dollar. ;) I guess I am=20
cynical.<BR>> > > Today<BR>> > > the market lost =
me as=20
an investor for a very long time. I quit.<BR>> > =
><BR>>=20
> > -----Original Message-----<BR>> > > From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>>=20
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Winston=20
Little<BR>> > > Sent: Wednesday, June 26, 2002 8:34 =
AM<BR>>=20
> > To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>>=20
> > Subject: Re: [CANSLIM] WCOM restatement<BR>> >=20
><BR>> > ><BR>> > ><BR>> > > The =
mantra of=20
the clowns:<BR>> > > "I want it ALL"<BR>> > > =
"Give it=20
to me NOW"<BR>> > > "It is MINE, I deserve it"<BR>> =
>=20
><BR>> > > ----- Original Message -----<BR>> > =
>=20
From: "Kent Norman" <<A=20
=
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</A>><BR>&g=
t;=20
> > To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>>=20
> > Sent: Wednesday, June 26, 2002 8:12 AM<BR>> > > =
Subject: RE: [CANSLIM] WCOM restatement<BR>> > ><BR>> =
>=20
><BR>> > > > The answer is:<BR>> > > =
><BR>>=20
> > > The same childish, short-sighted, immediate =
satisfaction=20
that<BR>> > > blinds<BR>> > > > them to the=20
possibility that there is a tomorrow... They run the<BR>> > =
>=20
> business like they live their life. All today and no=20
tomorrow.<BR>> > > ><BR>> > > > Kent=20
Norman<BR>> > > ><BR>> > > > --- =
"Cefaloni, John L=20
Jr. [AMSTA-AR-WEA]"<BR>> > > <<A=20
=
href=3D"mailto:john.cefaloni@us.army.mil">john.cefaloni@us.army.mil</A>&g=
t;<BR>>=20
> > > wrote:<BR>> > > > > Well said, =
Tom. =20
What is it that makes people do things for<BR>> > >=20
temporary<BR>> > > > > gain<BR>> > > > =
>=20
when they know they'll probably get slammed for it in the<BR>> =
>=20
> future?<BR>> > > > ><BR>> > > > =
> I=20
guess it's just greed, stupidity and arrogance.<BR>> > > =
>=20
><BR>> > > > > -----Original =
Message-----<BR>> >=20
> > > From: Tom Worley =
[mailto:stkguru@bellsouth.net]<BR>>=20
> > > > Sent: Wednesday, June 26, 2002 12:53 =
AM<BR>> >=20
> > > To: CANSLIM<BR>> > > > > Subject: =
[CANSLIM]=20
WCOM restatement<BR>> > > > ><BR>> > > =
>=20
><BR>> > > > > once again, Andersen strikes =
again, this=20
time by signing off on<BR>> > > > > Worldcom hiding =
over $3=20
billion in expenses as capital<BR>> > > > > =
expenditures,=20
and<BR>> > > thus<BR>> > > > > inflating =
cash=20
flow. Restatement expected to take away last<BR>> > >=20
five<BR>> > > > > quarters of<BR>> > > =
> >=20
profits and turn them into losses.<BR>> > > > =
><BR>>=20
> > > > Who gave this sanction to a deviation from =
GAAP=20
(Generally<BR>> > > Accepted<BR>> > > > >=20
Accounting Principles)?? Andersen, of course. It's clear =
that<BR>> >=20
> Enron<BR>> > > > > was only<BR>> > > =
>=20
> the tip of the iceberg, as if Waste Management, Sunbeam, and=20
a<BR>> > > host<BR>> > > > > of =
other<BR>> >=20
> > > companies were not sufficient warning of major =
problems=20
in<BR>> > > corporate<BR>> > > > > =
policy<BR>>=20
> > > > and infrastructure. Sad to see a great name =
like=20
Andersen<BR>> > > prostituted<BR>> > > > > =
to<BR>> > > > > selling its certification services =
for any=20
price, but also<BR>> > > clear that<BR>> > > =
> >=20
it<BR>> > > > > must disappear from corporate =
America. And=20
until every major<BR>> > > company<BR>> > > > =
>=20
audited<BR>> > > > > by Andersen undergoes a =
special review=20
by the SEC on accounting<BR>> > > > > practices, I =
doubt=20
anyone will believe that we have finally seen<BR>><BR>> > =
>=20
> > it all.<BR>> > > > ><BR>> > > =
> >=20
Tom Worley<BR>> > > > > <A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>> =
>=20
> > > AIM: TexWorley<BR>> > > > ><BR>> =
>=20
> > ><BR>> > > > ><BR>> > > > =
>=20
-<BR>> > > > > -To subscribe/unsubscribe, email "<A =
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><BR>> >=20
> > =
__________________________________________________<BR>> >=20
> > Do You Yahoo!?<BR>> > > > Yahoo! - Official =
partner=20
of 2002 FIFA World Cup<BR>> > > > <A=20
=
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Dave Cameron<BR>> > <A=20
=
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><BR>> >=20
__________________________________________________<BR>> > Do =
You=20
Yahoo!?<BR>> > Yahoo! - Official partner of 2002 FIFA World=20
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=
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