Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: HPLAE (was Re: [CANSLIM] Fw: Ken Kam's Market Outlook)
Date: Sun, 28 Jul 2002 14:15:26 -0400
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With NASDAQ halting trading prior to the open on Friday, 7/19/02, you would think the news would be enough to make every analyst pull their recommendation, especially since the stock was not trading. I guess the bright side of this one is that everyone, insiders included (except for the disappearing CEO) got caught holding. Volume the day prior disclosure was only half ADV. - ----- Original Message ----- From: "Gary A. Snyder" <gas175k@hotmail.com> To: <canslim@lists.xmission.com> Sent: Sunday, July 28, 2002 2:03 PM Subject: Re: [CANSLIM] Fw: Ken Kam's Market Outlook >From: "Tom Worley" <stkguru@bellsouth.net> >Reply-To: canslim@lists.xmission.com >To: "CANSLIM" <canslim@lists.xmission.com> >Subject: [CANSLIM] Fw: Ken Kam's Market Outlook >Date: Sun, 28 Jul 2002 13:22:53 -0400 > >This letter comes to me from the site where I maintain my VR Fund, have >read >it several times, and it continues to make sense to me, even after spending >some time reading this morning about how the CEO of HPLA has disappeared, >and the company now says that the cash reported in past qtrs has not been >in >possession of the company, nor is likely ever to be (last report nearly $60 >million, up from under $1 million a year ago). Always amazes me how >analysts >and brokerage houses can miss such trivial details before making buy >recommendations. Right on Tom: A quick look at WSJ Online has a item 0n July 22: HPA Technology has found massive accounting fraud involving fictitious transactions and falsified documents orchestrated by former CEO and founder David Leperjian and an update dated July 25 with HPLA rating moving from 1.3 to 1 with five analysts rating the company strong buy. Gary - - - -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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