Re: [CANSLIM] Market trend

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market trend
Date: Mon, 5 Aug 2002 20:47:38 -0400
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And they couldn't settle the option problem of reporting. Keep shorting
these bastards. My cup runneth over with vrts, yhoo, and mu today.

DanF

- ----- Original Message -----
From: "Donald Wallker" <dougald@dmv.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 05, 2002 7:07 PM
Subject: Re: [CANSLIM] Market trend

> 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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