Re: [CANSLIM] "M"

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] "M"
Date: Mon, 8 Jul 2002 09:45:22 -0400

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My perception is that the "financial findings of irregularity" are not new.
Some people believe that there is a new crime wave in progress. This is
mainly because news and rumors propagate rapidly on the internet and to far
more people than in the past. In the old days (before the internet) many of
the scandals and rumors never caught the attention of the average person.

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: "CANSLIM" <canslim@lists.xmission.com>
Sent: Monday, July 08, 2002 7:05 AM
Subject: [CANSLIM] "M"


> 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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