RE: [CANSLIM] How embarrassing - postal inspectors arresting for securities fraud

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] How embarrassing - postal inspectors arresting for securities fraud
Date: Wed, 24 Jul 2002 09:58:58 -0400

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It's interesting how the bear is shaking the trees of companies that
sans bear would probably still be wallowing in the fruits of their own
greed and lies!  Granted, in each case the charts reveal (20-20) trouble
in each prior to their fall, but without the bear.....makes you wonder
if it's not a good thing.  Cleansing, as it were.  

If you didn't catch it this morning, be sure to take in the front page
feature story, "Stocks still too pricey?"

I also noted a queer thing:  IBD usually ALWAYS finds some positive
front page fodder, but today's TOP-10 is 100% gloom.  In the story
mentioned above, however, discovered an "up" gem buried in the
continuation of the story on page 13.  Quoting from it:

*****

Other money managers maintain stocks are a bargain no matter what the
trailing P-E ratio says.

"It's just not meaningful," said John Tobey, chief investment officer
for Vantagepoint Funds. "The only way to look at growth is to look at
the future."

Tobey argues growth stocks are at their best relative prices in a decade
after being driven down by the recession and accounting scandals. Shares
are now changing hands to stronger holders in a final washout and could
deliver returns similar to the 1988-91 run-up, he said.

"The baby has gone out with the bathwater," Tobey said. "As all the bad
stocks have come down, so have the good ones, especially in the last
couple of months."

*****

Our challenge, as I understand it from yesterday's input herein, is to
find those "babies," easily recognizable by the tell-tale rings around
their bathtubs!  

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Wednesday, July 24, 2002 9:38 AM
To: CANSLIM
Subject: [CANSLIM] How embarrassing - postal inspectors arresting for
securities fraud


how low can they fall?

NEW YORK (Reuters) - Two members of the founding family of troubled
cable operator Adelphia Communications Corp. were arrested by U.S.
postal inspectors for conspiracy to commit securities fraud, CNBC
reported on Wednesday.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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