Re: [CANSLIM] analysts

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] analysts
Date: Mon, 12 Aug 2002 22:53:59 -0400

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Patrick, I agree, but for me that is just "noise". Out of curiosity, I took
a look at the charts this morning of both US Airways and Conseco, both in
the news before the open for different, but horribly negative, reasons. It
took only a glance for me to know I never would have been in these stocks
anytime in the past months, if not a year or more. So the reasons for the
price declines now being revealed are moot, the chart tells me there was
something wrong a long time ago, and the insiders (and those close to the
insiders trading on their hints, tips, or whatever) only served to emphasize
what the chart was already saying. Enron, Worldcom, Global Crossing (sold
this morning for a qtr of a billion, only a third of what the same buyers
offered only a few months ago), Qwest, etc. Their charts all tell the same
story, get out of Dodge, NOW!!!

- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 10:34 PM
Subject: Re: [CANSLIM] analysts

Don't forget those "enablers" at the brokerages who were keeping buy ratings
on
stocks in trouble while the insiders were bailing out.  I think there were
still a few buy
ratings on Enron just a few weeks before it went broke.

On 12 Aug 2002 at 17:28, Winston Little wrote:

> My understanding is that "USA bank robbers" netted a total of $211 million
> in the past ten years. Most people will tell you .. bank robbers should be
> put away for life. Compare that ten year total with the amount from  EACH
of
>  Enron, Tyco, K-Mart, Global Crossing ...and the list goes on. At each one
> (except TYC) whole  families supported by the thousands of employees were
> ruined. Yet what will each of the people fron Enron etc.  face ...if
> anything?

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