Re: [CANSLIM] Market trend

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Market trend
Date: Mon, 5 Aug 2002 21:43:18 -0400

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in reviewing Reuters headlines this morning, I noticed that the SEC is now
posting on their website the lists of companies that have complied (at least
technically) with the certification requirement. Of course, doesn't mean
their financial report was honest or accurate, just that the CEO and CFO
certified it as such.

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 05, 2002 11:32 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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