Re: [CANSLIM] Market trend

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market trend
Date: Mon, 5 Aug 2002 20:43:38 -0400

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I'd be willing to wager that 10% are shading the books. I understand now
Cisco won't certify.

DanF

- ----- 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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