Re: [CANSLIM] Market trend

From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Market trend
Date: Mon, 5 Aug 2002 19:07:58 -0400

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zillagirl---I believe the new law you speak of is very cynical.  It truth I
am cynical about the law because I think it was enacted to give the general
public a nice warm feeling about the stock market.  If  the President of a
given Company is a thief,  he or she will not hesitate to sign off on the
financials and continue to use the Company's resources as a personal  Piggy
Bank.  When it comes down to the wire, even with the sign-off the President
of the Company will be able to get off the hook if it can be shown that he
was snookered.  So-- I do not think it amounts to a big deal except for
public relations purposes.  Do you think a stock will go up because a
President signs off on the financials? I doubt it. On the other hand, it may
go up because a bunch of Brokers told their Clients that the President
signed off on the financials and the clients buy into the "cushy" feeling
that they get as a result of being told the meaningless truth.
- ----- Original Message -----
From: "zillagirl" <zillagirl@email.msn.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 05, 2002 2:40 AM
Subject: Re: [CANSLIM] Market trend


> I read an interesting opinion on this 8/14 deadline. They said, if a
company
> says they cant sign off their books - you know there is a problem.
If
> a company says they need more time-you expect there may be a problem .
And
> if a company says they will sign off and all is O.K. you'll wonder if  its
> true that no problem exists.  The jest of the article was that this  will
> have a very negative effect  on the markets  through the deadline, and
> possible further(depending on how many do what)
> ----- Original Message -----
> From: <Spencer48@aol.com>
> To: <canslim@lists.xmission.com>
> Sent: Monday, August 05, 2002 8:32 AM
> Subject: Re: [CANSLIM] Market trend
>
>
> > Dan:
> >
> >      I think institutions and retail buyers are not buying because they
> don't know how much corruption of books there is.  Many say that the
> percentage of companies with fraudulent books is relatively small.  But so
> what.  One don't know which company is engaging in fradulent accounting
and
> which isn't.
> >
> >      I agree with you that seeing CFOs and CEOs in handcuffs isn't going
> to significantly contribute to investor confidence.  However, what it does
> do (I believe) is deter other CEOs and CFOs from moving over to the dark
> side.  That's why televising the Wall Street honchos is important.
> >
> >      Once investors see that the government is serious in enforcing the
> laws against fraudulent accounting, the market will be favorably affectd.
> >
> >                               jans
> >
> >
> > In a message dated Sat, 3 Aug 2002 6:43:57 PM Eastern Standard Time,
> dforant1@nycap.rr.com writes:
> >
> > > This market is more effected by bad earnings and p/e's. The bubble
burst
> a
> > > long time ago. It's just going to take more quarters to swing the
> market.
> > > Notice the newly handcuffed Wall Street perpetrators that didn't rally
> the
> > > market recently like the first arrests. I never bought into that. The
> real
> > > culprits are, p/e's, and earnings along with the 9/11 disaster that
> broke
> > > the camels back. Some say stocks are cheap. Yeah, tech's,
> > > try em.
> >
> >
> >
> > -
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>
>
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