[CANSLIM] "M"

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] "M"
Date: Mon, 8 Jul 2002 07:05:12 -0400

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Well, why should today be any different? Instead of terrorist attack fears,
we have renewed accounting fears, this time with Merck apparently
overstating revenues by a trivial $12 billion with their pharmacy benefits
unit. What's $12 billion among friends anyway? Only enough to turn Asia
around from a nice 1% or better gain across the board into red ink for
almost every exchange. Japan, which had been up nearly 200 points and
breaking 11,000 once again, ended closing down 56 points. And Europe is down
across the board, while USA futures suggest a 1 to 1.5% drop on the open.

In Mexico, former officials of the govt owned PEMEX and some businessmen are
being investigated for paying $134 million for a petrochemical plant that
was never built. Some of those officials were also under investigation
earlier this year for company contributions of $100 million to the campaign
of presidential candidate Francisco Labastida.

Some things just don't seem to be changing, or getting better.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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