Re: [CANSLIM] Market trend

From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Market trend
Date: Sun, 4 Aug 2002 23:40:54 -0700

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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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