From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2528 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, June 26 2002 Volume 02 : Number 2528 In this issue: Re: [CANSLIM] Re: Retstatement of CANSLIM? [CANSLIM] Banks Re: [CANSLIM] Technical Anaylsis Book? Re: [CANSLIM] Technical Anaylsis Book? [CANSLIM] Suitable for framing Re: DVD's (was [CANSLIM] WCOM restatement) ---------------------------------------------------------------------- Date: Wed, 26 Jun 2002 18:18:44 -0400 From: "Winston Little" Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? Warren: Mrs. Evelyn Davis has PROVEN that positive action can produce dramatic results. For years she has owned ONE share of each of several large companies. That ONE share gave her the RIGHT to attend every annual meeting, and she did. It also gave her the RIGHT to raise questions at the meetings. She gave several of the top 500 CEO a dressing down in public over strategy etc, which left several of them speechless. Afterwards she wrote a book every year and published the accounts and their responses or stutterings. Annual sales of these books is reported to have exceeded $1 million. None of these clowns have wanted to be mentioned in a negative light in her writings. She became so feared that in 1984 Donald Peterson, then CEO of Ford, flew down to Washington to personally deliver the keys to the first Tempo equipped with an air bag to her. This was in response to her action at the prior annual meeting. Do you vote in presidential elections? You have only ONE vote. Does it ever matter? (perhaps after the last election, this was not a good question). - ----- Original Message ----- From: "Warren Keuffel" To: Sent: Wednesday, June 26, 2002 5:50 PM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > I am of the opinion -- and I would dearly loved to be proved wrong -- > that how we, as individual investors vote doesn't amount to much more > than a spit in the ocean. The real power comes from the institutions, > such as the Calif. pension funds, etc. that are just now starting to > exercise that power. Some of these institutions are pushing for better > corporate governance, reasonable CEO pay, etc.and an end to the > interlocking directorships of cronies. > also, have you ever noticed how many non-business people get on boards? > People who run non-profits, arts organizations, etc. Hello? What > expertise do people like Jesse Jackson (extreme example) have to offer > to a corporation? > > Warren > > Winston Little wrote: > > >Fanus: > > > >The points you make are very true. > > > >I also believe that a big part of t he blame for WCOM, ENE, GX, KM and other > >similar are the fault of shareholders. > > > >Not many people vote to appoint Board of Directors (BOD) or attend and > >PARTICIPATE in annual meetings. > > > >There are just a few hundred CEO (conceited, exclusive, overpaid ) whose > >names recurrently appear on the BOD as you go from company to company. These > >members slap each other on the back, are more interested in each others golf > >handicap than corporate matters, and vote for excessive pay and greed, so > >that they too will receive excessive rewards. > > > >Look at what happened to Walter Hewlett when he challenged those clowns. Did > >the share holders come to his defense? No, they went with the slimeballs. > > > >When shareholders vote for independent and outside BOD, they have a right to > >expect vigilance and honesty. When we do not and allow the BOD to be > >populated by hacks in a circle, we can only expect to be jerked. > > > > > >----- Original Message ----- > >From: "Fanus" > >To: > >Sent: Wednesday, June 26, 2002 4:54 PM > >Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > > > >>So, you are saying throw away the fundamentals and > >>trade only on the technicals? > >> > >>There are probably close to 10000 public traded > >>companies and just because a handful of companies > >>committed fraud and use creative accounting, does that > >>mean the other 99% are also just as bad? This is > >>like saying because a small fraction of the population > >>is in prison, this mean all people are criminals. > >> > >>- Fanus > >> > >>--- Spencer48@aol.com wrote: > >> > >>>Group: > >>> > >>> I'm surprised noone has mentioned this yet: > >>>But CANSLIM (in particular > >>>the 1st 2 letters) is based on fundamentally > >>>analyzing and accepting that > >>>quarterly and annual earnings will be approximately > >>>25%. > >>> > >>> However, with the accounting scandals going on, > >>>and big companies like > >>>Enron, WorldCom etc., being involved, will CANSLIM > >>>erode in NSLIM? > >>> > >>>jans > >>> > >>>- > >>>-To subscribe/unsubscribe, email > >>>"majordomo@xmission.com" > >>>-In the email body, write "subscribe canslim" or > >>>-"unsubscribe canslim". Do not use quotes in your > >>> > >>email. > >> > >> > >>__________________________________________________ > >>Do You Yahoo!? > >>Yahoo! - Official partner of 2002 FIFA World Cup > >>http://fifaworldcup.yahoo.com > >> > >>- > >>-To subscribe/unsubscribe, email "majordomo@xmission.com" > >>-In the email body, write "subscribe canslim" or > >>-"unsubscribe canslim". Do not use quotes in your email. > >> > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Jun 2002 19:06:33 -0400 From: "Chas" <1440lda@tm.net> Subject: [CANSLIM] Banks This is a multi-part message in MIME format. - ------=_NextPart_000_0195_01C21D44.9791EDA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Banks have popped up on my screens occasionally but after initial due = diligence i have always DQ'd them because there is no way to accurately = determine risk that they take on ( bad loans ....poor trading = decisions....etc ). WCOM had loans with US banks as well as other = countries ...200M here and 200M there =3D 3.4 BBBillion. Todays news = just reinforce's my cautions on that sector as a whole. It probably will also result in big cap companies paying a higher price = for the money they borrow which in turn will reduce earnings. A big = stone has just fallen into the lake and the ripples are starting to = spead.I'm sure congress will be all over this one......with another law = that will NOT be enforced. Chas - ------=_NextPart_000_0195_01C21D44.9791EDA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Banks have popped up on my screens = occasionally=20 but after initial due diligence i have always DQ'd them because there is = no way=20 to accurately determine risk that they take on ( bad loans ....poor = trading=20 decisions....etc ).  WCOM had loans with US banks as well as other=20 countries ...200M here and 200M there =3D 3.4 BBBillion. Todays news = just=20 reinforce's my cautions on that sector as a whole.
It probably will also result in big = cap=20 companies paying a higher price for the money they borrow which in turn = will=20 reduce earnings. A big stone has just fallen into the lake and the = ripples are=20 starting to spead.I'm sure congress will be all over this one......with = another=20 law that will NOT be enforced.
 
Chas
- ------=_NextPart_000_0195_01C21D44.9791EDA0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Jun 2002 16:38:04 -0700 From: "Marty" Subject: Re: [CANSLIM] Technical Anaylsis Book? Thanks everyone for the book tips. Marty - ----- Original Message ----- From: To: Sent: Wednesday, June 26, 2002 1:22 PM Subject: [CANSLIM] Technical Anaylsis Book? > Does anyone have a recommendation on a good Technical > Anaylsis Book to buy? > > > > The mantra of the clowns: > > "I want it ALL" > > "Give it to me NOW" > > "It is MINE, I deserve it" > > > > ----- Original Message ----- > > From: "Kent Norman" > > To: > > Sent: Wednesday, June 26, 2002 8:12 AM > > Subject: RE: [CANSLIM] WCOM restatement > > > > > > > The answer is: > > > > > > The same childish, short-sighted, immediate satisfaction that blinds > > > them to the possibility that there is a tomorrow... They run the > > > business like they live their life. All today and no tomorrow. > > > > > > Kent Norman > > > > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]" > > > wrote: > > > > Well said, Tom. What is it that makes people do things for temporary > > > > gain > > > > when they know they'll probably get slammed for it in the future? > > > > > > > > I guess it's just greed, stupidity and arrogance. > > > > > > > > -----Original Message----- > > > > From: Tom Worley [mailto:stkguru@bellsouth.net] > > > > Sent: Wednesday, June 26, 2002 12:53 AM > > > > To: CANSLIM > > > > Subject: [CANSLIM] WCOM restatement > > > > > > > > > > > > once again, Andersen strikes again, this time by signing off on > > > > Worldcom > > > > hiding over $3 billion in expenses as capital expenditures, and thus > > > > inflating cash flow. Restatement expected to take away last five > > > > quarters of > > > > profits and turn them into losses. > > > > > > > > Who gave this sanction to a deviation from GAAP (Generally Accepted > > > > Accounting Principles)?? Andersen, of course. It's clear that Enron > > > > was only > > > > the tip of the iceberg, as if Waste Management, Sunbeam, and a host > > > > of other > > > > companies were not sufficient warning of major problems in corporate > > > > policy > > > > and infrastructure. Sad to see a great name like Andersen prostituted > > > > to > > > > selling its certification services for any price, but also clear that > > > > it > > > > must disappear from corporate America. And until every major company > > > > audited > > > > by Andersen undergoes a special review by the SEC on accounting > > > > practices, I > > > > doubt anyone will believe that we have finally seen it all. > > > > > > > > Tom Worley > > > > stkguru@bellsouth.net > > > > AIM: TexWorley > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > ===== > > > Opportunities always look bigger going than coming. > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Yahoo! - Official partner of 2002 FIFA World Cup > > > http://fifaworldcup.yahoo.com > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Jun 2002 18:46:08 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Technical Anaylsis Book? This is a multi-part message in MIME format. - ------=_NextPart_000_01BE_01C21D41.BBCDC660 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Marty, I'm not sure how deeply you want to get into technical analysis, so = here's a couple of "simple" versions, just the basics of price/volume = and moving averages, no mumbo-jumbo and well-suited for CANSLIM = investing: Secrets for Profiting in Bull and Bear Markets by Stan Weinstein How Charts Can Help You in the Stock Market by William L. Jiler and my favorite for in-depth statistics and descriptions of specific = chart patterns: The Encyclopedia of Chart Patterns by Thomas Bulkowski. I personally use Edwards and Magee as a sleeping pill (despite the = Bible-esque stature of the text). Katherine ----- Original Message -----=20 From: Marty=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, June 26, 2002 6:38 PM Subject: Re: [CANSLIM] Technical Anaylsis Book? Thanks everyone for the book tips. Marty ----- Original Message ----- From: To: Sent: Wednesday, June 26, 2002 1:22 PM Subject: [CANSLIM] Technical Anaylsis Book? > Does anyone have a recommendation on a good Technical > Anaylsis Book to buy? > > > > The mantra of the clowns: > > "I want it ALL" > > "Give it to me NOW" > > "It is MINE, I deserve it" > > > > ----- Original Message ----- > > From: "Kent Norman" > > To: > > Sent: Wednesday, June 26, 2002 8:12 AM > > Subject: RE: [CANSLIM] WCOM restatement > > > > > > > The answer is: > > > > > > The same childish, short-sighted, immediate satisfaction that = blinds > > > them to the possibility that there is a tomorrow... They run the > > > business like they live their life. All today and no tomorrow. > > > > > > Kent Norman > > > > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]" = > > > wrote: > > > > Well said, Tom. What is it that makes people do things for temporary > > > > gain > > > > when they know they'll probably get slammed for it in the = future? > > > > > > > > I guess it's just greed, stupidity and arrogance. > > > > > > > > -----Original Message----- > > > > From: Tom Worley [mailto:stkguru@bellsouth.net] > > > > Sent: Wednesday, June 26, 2002 12:53 AM > > > > To: CANSLIM > > > > Subject: [CANSLIM] WCOM restatement > > > > > > > > > > > > once again, Andersen strikes again, this time by signing off = on > > > > Worldcom > > > > hiding over $3 billion in expenses as capital expenditures, = and thus > > > > inflating cash flow. Restatement expected to take away last = five > > > > quarters of > > > > profits and turn them into losses. > > > > > > > > Who gave this sanction to a deviation from GAAP (Generally = Accepted > > > > Accounting Principles)?? Andersen, of course. It's clear that = Enron > > > > was only > > > > the tip of the iceberg, as if Waste Management, Sunbeam, and a = host > > > > of other > > > > companies were not sufficient warning of major problems in = corporate > > > > policy > > > > and infrastructure. Sad to see a great name like Andersen prostituted > > > > to > > > > selling its certification services for any price, but also = clear that > > > > it > > > > must disappear from corporate America. And until every major = company > > > > audited > > > > by Andersen undergoes a special review by the SEC on = accounting > > > > practices, I > > > > doubt anyone will believe that we have finally seen it all. > > > > > > > > Tom Worley > > > > stkguru@bellsouth.net > > > > AIM: TexWorley > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > =3D=3D=3D=3D=3D > > > Opportunities always look bigger going than coming. > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Yahoo! - Official partner of 2002 FIFA World Cup > > > http://fifaworldcup.yahoo.com > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_01BE_01C21D41.BBCDC660 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Marty,
 
I'm not sure how deeply you want to get into technical analysis, so = here's=20 a couple of "simple" versions, just the basics of price/volume and = moving=20 averages, no mumbo-jumbo and well-suited for CANSLIM investing:
 
Secrets for Profiting in Bull and Bear Markets by Stan = Weinstein
How Charts Can Help You in the Stock Market by William L. = Jiler
 
and my favorite for in-depth statistics and descriptions of = specific chart=20 patterns:
The Encyclopedia of Chart Patterns by Thomas Bulkowski.
 
I personally use Edwards and Magee as a sleeping pill (despite = the=20 Bible-esque stature of the text).
 
Katherine
----- Original Message -----
From:=20 Marty=20
Sent: Wednesday, June 26, 2002 = 6:38=20 PM
Subject: Re: [CANSLIM] = Technical Anaylsis=20 Book?

Thanks everyone for the book = tips.

Marty
-----=20 Original Message -----
From: <majorgenson@attbi.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, June 26, 2002 1:22 PM
Subject: [CANSLIM] Technical = Anaylsis=20 Book?


> Does anyone have a recommendation on a good=20 Technical
> Anaylsis Book to buy?
> >
> > The = mantra=20 of the clowns:
> > "I want it ALL"
> > "Give it to = me=20 NOW"
> > "It is MINE, I deserve it"
> >
> > = - -----=20 Original Message -----
> > From: "Kent Norman" <kent_norman@yahoo.com>
&g= t; >=20 To: <canslim@lists.xmission.com= >
>=20 > Sent: Wednesday, June 26, 2002 8:12 AM
> > Subject: RE:=20 [CANSLIM] WCOM restatement
> >
> >
> > > = The=20 answer is:
> > >
> > > The same childish,=20 short-sighted, immediate satisfaction that blinds
> > > = them to=20 the possibility that there is a tomorrow... They run the
> > = >=20 business like they live their life. All today and no tomorrow.
> = >=20 >
> > > Kent Norman
> > >
> > > = - ---=20 "Cefaloni, John L Jr. [AMSTA-AR-WEA]" <john.cefaloni@us.army.mil&g= t;
>=20 > > wrote:
> > > > Well said, Tom.  What is = it that=20 makes people do things for
temporary
> > > > = gain
>=20 > > > when they know they'll probably get slammed for it in = the=20 future?
> > > >
> > > > I guess it's = just greed,=20 stupidity and arrogance.
> > > >
> > > > = -----Original Message-----
> > > > From: Tom Worley=20 [mailto:stkguru@bellsouth.net]
> > > > Sent: Wednesday, = June=20 26, 2002 12:53 AM
> > > > To: CANSLIM
> > > = >=20 Subject: [CANSLIM] WCOM restatement
> > > >
> = > >=20 >
> > > > once again, Andersen strikes again, this = time by=20 signing off on
> > > > Worldcom
> > > > = hiding=20 over $3 billion in expenses as capital expenditures, and thus
> = >=20 > > inflating cash flow. Restatement expected to take away last=20 five
> > > > quarters of
> > > > profits = and=20 turn them into losses.
> > > >
> > > > = Who gave=20 this sanction to a deviation from GAAP (Generally Accepted
> = > >=20 > Accounting Principles)?? Andersen, of course. It's clear that=20 Enron
> > > > was only
> > > > the tip = of the=20 iceberg, as if Waste Management, Sunbeam, and a host
> > > = > of=20 other
> > > > companies were not sufficient warning of = major=20 problems in corporate
> > > > policy
> > > = > and=20 infrastructure. Sad to see a great name like = Andersen
prostituted
>=20 > > > to
> > > > selling its certification = services=20 for any price, but also clear
that
> > > > = it
> >=20 > > must disappear from corporate America. And until every major = company
> > > > audited
> > > > by = Andersen=20 undergoes a special review by the SEC on accounting
> > > = >=20 practices, I
> > > > doubt anyone will believe that we = have=20 finally seen it all.
> > > >
> > > > Tom = Worley
> > > > stkguru@bellsouth.net
> = >=20 > > AIM: TexWorley
> > > >
> > > = >
>=20 > > >
> > > > -
> > > > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 > -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 > > >
> > > > -
> > > > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 > > -In the email body, write "subscribe canslim" or
> = > >=20 > -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 > >
> > >
> > > =3D=3D=3D=3D=3D
> = > >=20 Opportunities always look bigger going than coming.
> > = >
>=20 > > __________________________________________________
> = > >=20 Do You Yahoo!?
> > > Yahoo! - Official partner of 2002 = FIFA World=20 Cup
> > > http://fifaworldcup.yahoo.com<= BR>>=20 > >
> > > -
> > > -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ; >=20 > -In the email body, write "subscribe canslim" or
> > = >=20 -"unsubscribe canslim".  Do not use quotes in your email.
> = >=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = - -"unsubscribe=20 canslim".  Do not use quotes in your email.
>
> = - -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_01BE_01C21D41.BBCDC660-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Jun 2002 19:01:19 -0500 From: "Katherine Malm" Subject: [CANSLIM] Suitable for framing This is a multi-part message in MIME format. - ------=_NextPart_000_01C9_01C21D43.DB214440 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable From this evening's Big Picture at Investors.com: "Stocks such as Enron, ImClone (IMCL), Tyco (TYC) and WorldCom have = shaken investor confidence. But there was no reason for growth investors = who study fundamentals and technicals to be caught in these downdrafts. = Long before the headlines turned nasty, these and other infamous stocks = had broken down from established uptrends. You just don't see scandals = hitting leading stocks from out of the blue. WorldCom peaked in June 1999 after failing to break out successfully = from a late-stage base. End of story for growth investors. The stock = slid as its fundamentals deteriorated. It never presented another buying = opportunity if your criteria include superior fundamentals, a strong = industry group and a sound price base. So while the SEC issues press releases expressing its outrage over = WorldCom, the ultimate safety net is your own knowledge and discipline = to follow a set of good trading rules." - --Amen. Katherine - ------=_NextPart_000_01C9_01C21D43.DB214440 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
From this evening's Big Picture at Investors.com:
 

"Stocks such as Enron, ImClone (IMCL),=20 Tyco (TYC)=20 and WorldCom have shaken investor confidence. But there was no reason = for growth=20 investors who study fundamentals and technicals to be caught in these=20 downdrafts. Long before the headlines turned nasty, these and other = infamous=20 stocks had broken down from established uptrends. You just don't see = scandals=20 hitting leading stocks from out of the blue.

WorldCom peaked in June 1999 after failing to break out successfully = from a=20 late-stage base. End of story for growth investors. The stock slid as = its=20 fundamentals deteriorated. It never presented another buying opportunity = if your=20 criteria include superior fundamentals, a strong industry group and a = sound=20 price base.

So while the SEC issues press releases expressing its outrage over = WorldCom,=20 the ultimate = safety net is=20 your own knowledge and discipline to follow a set of good trading=20 rules."

 

--Amen.

Katherine

- ------=_NextPart_000_01C9_01C21D43.DB214440-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Jun 2002 17:22:18 -0500 From: "Katherine Malm" Subject: Re: DVD's (was [CANSLIM] WCOM restatement) This is a multi-part message in MIME format. - ------=_NextPart_000_019F_01C21D36.05F0C5A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, One of the problems with DVD related stocks is that, with rare = exception, the companies are not exclusively serving that particular = market. That means their sales and earnings will be diluted by other = more mature product lines. When I view a group of stocks that may move = based on some broad-based theme, I do so only to build background. = Ultimately, when the leaders start to move, you will see them = demonstrate their leadership via fundamental and technical indicators, = showing that institutions are being drawn to the stocks. Until then, = however, an exercise such as this is useful for building a mental = database and a context for potential stock movement, but nothing more. A = value investor would dig deep and find hidden value, purchase and then = wait (hopefully) for others to be attracted to the stock. CANSLIMers, = however, do no such thing. When the stock is ready to move, it will move = and flash "hey-look at me" signs in bright neon colors. Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, June 26, 2002 3:30 PM Subject: RE: DVD's (was [CANSLIM] WCOM restatement) Katherine, Well- the answer may be that no one is making money in DVD's (at least = not yet). I did a cursory run down of DVD distributors, equipment = manufacturers, piracy solutions makers, etc. with sales growth of 20% or = more and assets of $50M or more. The list is short and when you look at = the IBD overall score- well, let's just say that WON isn't a fan. Most = of the stars (if we can call them that) are traded outside the states. = Oh well- I still think there's something to be had there (especially = with Circuit City moving exclusively to DVD offerings over VHS) but I = can't figure out what. For spreadsheet: = http://www.kellyrshort.com/canslim/dvd_companies.xls Kelly -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, June 26, 2002 12:09 PM To: canslim@lists.xmission.com Subject: Re: DVD's (was [CANSLIM] WCOM restatement) Kelly, I'm not intimately familiar with all the names under this = macrotheme, but in general, I'd say that the shift to DVD-based = entertainment has been substantial and any time there is a secular shift = in technology, there are real profits to be had. In this case, I think = the profits are spread around very well between all industry sectors. = (but as with all technologies, those with the proprietary elements get = the lion's share of the profits) DVD prices are still quite high, = though I noticed at Christmas, for the first time, that the prices of = DVD players had dropped substantially, indicating that demand is = reaching critical mass. That means that the lower prices make DVD = players more affordable (scarcity becomes abundance), people replace = and/or supplement their VCR's with DVD's, and then demand for DVD media = becomes larger. That snowballs throughout the supply chain. Still up for = grabs are implementations of DVD recording standards established = somewhat recently....that could start a whole new chain of events. I'd been disinclined to compare DVD's to PCs....the former early in = its adoption life cycle, the latter late in its business life cycle = (maturity phase, though arguably not yet in the decline phase). Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, June 26, 2002 11:42 AM Subject: RE: DVD's (was [CANSLIM] WCOM restatement) Katherine- A wealth of information as usual- thank you. But WHO makes money = in this business? Is it Blockbuster? Philips/Sony? Movie Studios? = Fed-Ex? Or does anyone make money in DVD's (has it gone the way of the = pc)? I appreciate your opinions- Kelly -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, June 26, 2002 11:27 AM To: canslim@lists.xmission.com Subject: Re: DVD's (was [CANSLIM] WCOM restatement) For starters: -DVD distributors such as DISK, HDL etc -Retailers such as AMZN, BBY etc -Hardware---runs the gamut from gaming hardware (Nintendo, XBox, = etc), to video chips to handle the increased graphics requirements, to = - -DVD players (Samsung, Matsushita), to chips (INTC and some specialty = chip makers), to DVD drive makers, etc. -Software, such as NAVR and ROXI etc. -Hardware components distributors such as TECD, IM, Games Makers = who will beef up games offereings given the extra content capabilities = of DVD based games, etc. -etc -etc Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, June 26, 2002 10:50 AM Subject: RE: [CANSLIM] WCOM restatement Katherine- I think you recapped the past three weeks worth of = conversations- we're all bored! So let me pose this question to the = group: DVD's. Who makes money off DVD's?=20 -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, June 26, 2002 10:40 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] WCOM restatement Hi Kelly, The '87 crash was considerably different....far more an = event than a process as is the current Bear which is undoing the = excesses of the late '90's. At that time, cocktail conversations rarely = included talk of stocks, but on Black Monday...people who didn't even = know what the stock market was all about were gathered around the TV at = lunch time. In retrospect, the Fed's quick intervention and the = adjustments to program trading guidelines made this a blip on the bull = market screen, so the "throwing in the towel" talk was far more = short-lived than now. Most folks investing these days know little of = what creates value and perceived value in the stock market. Even fewer = are students of market history. But I'd bet the same conversations could = be heard in the 30's and the 60's. Sometimes the best way to *really* = learn it is to live it. Besides, we're bored to tears..... :)) But I *am* enjoying = the time off to pursue summer reading...throw away novels of little = consequence, mindless fluff ....ah, what a pleasure! Katherine ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, June 26, 2002 10:25 AM Subject: RE: [CANSLIM] WCOM restatement If I were new to this earth and had just learned what the = US stock market was by reading the comments shared this morning = post-Worldcom I'd think the stock market was going bye-bye. I'll admit- = I'm still wet behind the ears when it comes to investing experience but = I can't for a minute believe that the same types of comments weren't = passed around (albeit pre-Internet, shiver) regarding the 1987 crash. = Can anyone remember back that far? I am correct and memory short? Or = this truly "new"? Sorry folks- I was in the sixth grade in 1987. Kelly P.S. - thanks for the "Wall Street" quotes- it's the most = used DVD I own! -----Original Message----- From: Cefaloni, John L Jr. [AMSTA-AR-WEA] [mailto:john.cefaloni@us.army.mil] Sent: Wednesday, June 26, 2002 10:18 AM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] WCOM restatement At the risk of being corny, I thought I'd dig up some = quotes from the movie "Wall Street" (because Hollywood tells us everything we = need to know about life ;-) "The main thing about money, Bud, is that it makes you do = things you don't want to do." "Stop going for the easy buck and start producing = something with your life. Create, instead of living off the buying and selling of = others."=20 "Stick to the fundamentals. That's how IBM and Hilton = were built." "There are no shotcuts. Quick-buck artists come and go = with every bull market, but the steady players make it through the bear = markets." "You're on a roll, kid. Enjoy it while it lasts, becuase = it never does." and, of course... "Man looks in the abyss, there's nothing staring back at = him. At that moment, man finds his character. And that is what keeps = him out of the abyss." Of course, the movie is packed with many more "bullish" = quotes, but those will have to wait for another day. -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Wednesday, June 26, 2002 10:33 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] WCOM restatement People in the rust belt are back in style. I believe the expression is "The meek shall inherit the = earth". There is merit to the people who work and sweat for a = living, instead of the glorified crooks of the past three years. Remember all those clowns forming companies (with NO = EARNINGS) that had market capitalization greater than that of General Motors? Today: Lear LEI is up.They make car seats and interior parts. Delphi DPH guided up yesterday. They make electronic parts = for cars (mostly GM). Visteon VC guided up this morning.They make car parts = (mostly for Ford). P&G ( as Duke pointed out) is up. Soap, toothpaste and = paper towels. Donnelly DON (mirrors for cars) is to be bought out by = Magna (they make car parts) at 38% premium. ----- Original Message ----- From: "Duke Miller" To: Sent: Wednesday, June 26, 2002 10:07 AM Subject: RE: [CANSLIM] WCOM restatement > Absolutely. > > P&G is up over $1 at the open this a.m. Up 16% this = year. 43% last two > years. Soap, toothpaste, quality people. All things = you can count > (on). > > Duke > > (I do have a position in P&G) > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Winston Little > Sent: Wednesday, June 26, 2002 9:48 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] WCOM restatement > > > There may be some merit to companies that make goods = that I can see, > touch and count such as houses, cars, chemicals. > > There may also be some merit to companies that pay = dividends, as the > crooks are less likely to borrow or steal funds to pay = dividends. > > > ----- Original Message ----- > From: "Dave Cameron" > To: > Sent: Wednesday, June 26, 2002 9:33 AM > Subject: RE: [CANSLIM] WCOM restatement > > > > Rocky (and all), > > > > Yeah... this is amazing. As a professional = statistician, the recent > > events show why I don't use classical statistical = techniques in > > investing. I sold all my individual holdings in = November - haven't > > bought back in. Still hold the mutual funds for long = term, but > > continue to watch them dwindle. > > > > My line to people at work is that I'll be working = until I'm 80.... > > > > Dave > > > > --- Rocky Sanghvi wrote: > > > I wish I could say that today coming blowoff will be = the last one. > > > There are other skeletons in the closet. More = importantly the > > > impact of the > > > dropping dollar will be enormous in our highly = leveraged financial > > > system. > > > > > > From ECON 101 > > > Until now we were managing to balance our foreign = deficits by inflow > > > > of cash from other countries into our markets. The = falling dollar > > > is an indication > > > that money is moving OUT of the country. Watch out = for the ripple > > > effects. > > > > > > Unless ofcourse we attack Iraq immediately and = thereby create "a > > > demand" for > > > the the safety of the American dollar. ;) I guess = I am cynical. > > > Today > > > the market lost me as an investor for a very long = time. I quit. > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf = Of Winston Little > > > Sent: Wednesday, June 26, 2002 8:34 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] WCOM restatement > > > > > > > > > > > > The mantra of the clowns: > > > "I want it ALL" > > > "Give it to me NOW" > > > "It is MINE, I deserve it" > > > > > > ----- Original Message ----- > > > From: "Kent Norman" > > > To: > > > Sent: Wednesday, June 26, 2002 8:12 AM > > > Subject: RE: [CANSLIM] WCOM restatement > > > > > > > > > > The answer is: > > > > > > > > The same childish, short-sighted, immediate = satisfaction that > > > blinds > > > > them to the possibility that there is a = tomorrow... They run the > > > > business like they live their life. All today and = no tomorrow. > > > > > > > > Kent Norman > > > > > > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]" > > > > > > > wrote: > > > > > Well said, Tom. What is it that makes people do = things for > > > temporary > > > > > gain > > > > > when they know they'll probably get slammed for = it in the > > > future? > > > > > > > > > > I guess it's just greed, stupidity and = arrogance. > > > > > > > > > > -----Original Message----- > > > > > From: Tom Worley [mailto:stkguru@bellsouth.net] > > > > > Sent: Wednesday, June 26, 2002 12:53 AM > > > > > To: CANSLIM > > > > > Subject: [CANSLIM] WCOM restatement > > > > > > > > > > > > > > > once again, Andersen strikes again, this time by = signing off on > > > > > Worldcom hiding over $3 billion in expenses as = capital > > > > > expenditures, and > > > thus > > > > > inflating cash flow. Restatement expected to = take away last > > > five > > > > > quarters of > > > > > profits and turn them into losses. > > > > > > > > > > Who gave this sanction to a deviation from GAAP = (Generally > > > Accepted > > > > > Accounting Principles)?? Andersen, of course. = It's clear that > > > Enron > > > > > was only > > > > > the tip of the iceberg, as if Waste Management, = Sunbeam, and a > > > host > > > > > of other > > > > > companies were not sufficient warning of major = problems in > > > corporate > > > > > policy > > > > > and infrastructure. Sad to see a great name like = Andersen > > > prostituted > > > > > to > > > > > selling its certification services for any = price, but also > > > clear that > > > > > it > > > > > must disappear from corporate America. And until = every major > > > company > > > > > audited > > > > > by Andersen undergoes a special review by the = SEC on accounting > > > > > practices, I doubt anyone will believe that we = have finally seen > > > > > > it all. > > > > > > > > > > Tom Worley > > > > > stkguru@bellsouth.net > > > > > AIM: TexWorley > > > > > > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" -In > > > > > the email body, write "subscribe canslim" or = - -"unsubscribe > > > > > canslim". Do not use quotes in your email. > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" -In > > > > > the email body, write "subscribe canslim" or = - -"unsubscribe > > > > > canslim". Do not use quotes in your email. > > > > > > > > > > > > =3D=3D=3D=3D=3D > > > > Opportunities always look bigger going than = coming. > > > > > > > > __________________________________________________ > > > > Do You Yahoo!? > > > > Yahoo! - Official partner of 2002 FIFA World Cup > > > > http://fifaworldcup.yahoo.com > > > > > > > > - > > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" -In the > > > > email body, write "subscribe canslim" or = - -"unsubscribe canslim". > > > > Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or = - -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or = - -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > > > =3D=3D=3D=3D=3D > > Dave Cameron > > dfcameron@yahoo.com > > > > __________________________________________________ > > Do You Yahoo!? > > Yahoo! - Official partner of 2002 FIFA World Cup > > http://fifaworldcup.yahoo.com > > > > - > > -To subscribe/unsubscribe, email = "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or = - -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email = "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your = email. > > > - > -To subscribe/unsubscribe, email = "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your = email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. = _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned = for viruses. Visit us at http://www.neoris.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -------------------------------------------------------------------- For your protection, this e-mail message has been scanned = for viruses.=20 Visit us at http://www.neoris.com/=20 - -------------------------------------------------------------------- - ------------------------------------------------------------------------ For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 - ------------------------------------------------------------------------ - -------------------------------------------------------------------------= - --- For your protection, this e-mail message has been scanned for = viruses.=20 Visit us at http://www.neoris.com/=20 - -------------------------------------------------------------------------= - --- - ------=_NextPart_000_019F_01C21D36.05F0C5A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly,
 
One of the problems with DVD related stocks is that, with rare=20 exception, the companies are not exclusively serving that = particular=20 market. That means their sales and earnings will be diluted by other = more mature=20 product lines. When I view a group of stocks that may move based on some = broad-based theme, I do so only to build background. Ultimately, when = the=20 leaders start to move, you will see them demonstrate their leadership = via=20 fundamental and technical indicators, showing that institutions are = being drawn=20 to the stocks. Until then, however, an exercise such as this is useful = for=20 building a mental database and a context for potential stock movement, = but=20 nothing more. A value investor would dig deep and find hidden value, = purchase=20 and then wait (hopefully) for others to be attracted to the stock. = CANSLIMers,=20 however, do no such thing. When the stock is ready to move, it will move = and=20 flash "hey-look at me" signs in bright neon colors.
 
Katherine
----- Original Message -----
From:=20 Kelly=20 Short
Sent: Wednesday, June 26, 2002 = 3:30=20 PM
Subject: RE: DVD's (was = [CANSLIM] WCOM=20 restatement)

Katherine,
 
Well- the answer may be that no one is making money in DVD's = (at least=20 not yet). I did a cursory run down of DVD distributors, equipment=20 manufacturers, piracy solutions makers, etc. with sales growth of 20% = or more=20 and assets of $50M or more. The list is short and when you look at the = IBD=20 overall score- well, let's just say that WON isn't a fan. Most of the = stars=20 (if we can call them that) are traded outside the states. Oh well- I = still=20 think there's something to be had there (especially with Circuit City = moving=20 exclusively to DVD offerings over VHS) but I can't figure out what. = For=20 spreadsheet: http://www.= kellyrshort.com/canslim/dvd_companies.xls
 
Kelly
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Wednesday, June 26, = 2002 12:09=20 PM
To: canslim@lists.xmission.com
Subject: Re: = DVD's=20 (was [CANSLIM] WCOM restatement)

Kelly,
 
I'm not intimately familiar with all the names under this = macrotheme,=20 but in general, I'd say that the shift to DVD-based entertainment = has been=20 substantial and any time there is a secular shift in technology, = there are=20 real profits to be had. In this case, I think the profits are spread = around=20 very well between all industry sectors. (but as with all = technologies, those=20 with the proprietary elements get the lion's share of the profits) =  DVD=20 prices are still quite high, though I noticed at Christmas, for the = first=20 time, that the prices of DVD players had dropped substantially, = indicating=20 that demand is reaching critical mass. That means that the lower = prices make=20 DVD players more affordable (scarcity becomes abundance), people = replace=20 and/or supplement their VCR's with DVD's, and then demand for DVD = media=20 becomes larger. That snowballs throughout the supply chain. Still up = for=20 grabs are implementations of DVD recording standards established = somewhat=20 recently....that could start a whole new chain of events.
 
I'd been disinclined to compare DVD's to PCs....the former = early in its=20 adoption life cycle, the latter late in its business life cycle = (maturity=20 phase, though arguably not yet in the decline phase).
 
Katherine
----- Original Message ----- =
From:=20 Kelly=20 Short
To: canslim@lists.xmission.com= =20
Sent: Wednesday, June 26, = 2002 11:42=20 AM
Subject: RE: DVD's (was = [CANSLIM]=20 WCOM restatement)

Katherine-
 
A wealth of information as usual- thank you. But WHO = makes money in=20 this business? Is it Blockbuster? Philips/Sony? Movie Studios? = Fed-Ex? Or=20 does anyone make money in DVD's (has it gone the way of the=20 pc)?
 
I appreciate your opinions- Kelly
-----Original Message-----
From: Katherine = Malm=20 [mailto:kmalm@earthlink.net]
Sent: Wednesday, June 26, = 2002=20 11:27 AM
To: = canslim@lists.xmission.com
Subject: Re:=20 DVD's (was [CANSLIM] WCOM restatement)

For starters:
 
-DVD distributors such as DISK, HDL etc
-Retailers such as AMZN, BBY etc
-Hardware---runs the gamut from gaming hardware (Nintendo, = XBox,=20 etc), to video chips to handle the increased graphics = requirements, to=20 -DVD players (Samsung, Matsushita), to chips (INTC and some = specialty=20 chip makers), to DVD drive makers, etc.
-Software, such as NAVR and ROXI etc.
-Hardware components distributors such as TECD, IM, Games = Makers=20 who will beef up games offereings given the extra content = capabilities=20 of DVD based games, etc.
-etc
-etc
 
Katherine
----- Original Message ----- =
From:=20 Kelly Short
To: canslim@lists.xmission.com= =20
Sent: Wednesday, June = 26, 2002=20 10:50 AM
Subject: RE: [CANSLIM] = WCOM=20 restatement

Katherine-
 
I think you recapped the past three weeks worth of=20 conversations- we're all bored! So let me pose this question = to the=20 group: DVD's. Who makes money off DVD's?
-----Original Message-----
From: = Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Wednesday, June = 26,=20 2002 10:40 AM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] WCOM restatement

Hi Kelly,
 
The '87 crash was considerably different....far more an = event=20 than a process as is the current Bear which is undoing the = excesses=20 of the late '90's. At that time, cocktail conversations = rarely=20 included talk of stocks, but on Black Monday...people who = didn't=20 even know what the stock market was all about were gathered = around=20 the TV at lunch time. In retrospect, the Fed's quick = intervention=20 and the adjustments to program trading guidelines made this = a blip=20 on the bull market screen, so the "throwing in the towel" = talk was=20 far more short-lived than now. Most folks investing these = days know=20 little of what creates value and perceived value in the = stock=20 market. Even fewer are students of market history. But I'd = bet the=20 same conversations could be heard in the 30's and the 60's.=20 Sometimes the best way to *really* learn it is to live = it.
 
Besides, we're bored to tears..... :)) But I *am* = enjoying the=20 time off to pursue summer reading...throw away novels = of little=20 consequence, mindless fluff ....ah, what a pleasure!
 
Katherine
 
 
----- Original Message -----
From:=20 Kelly Short =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, = June 26,=20 2002 10:25 AM
Subject: RE: = [CANSLIM] WCOM=20 restatement

If I were new to this earth and had just = learned=20 what the US stock market was by reading the comments = shared this=20 morning post-Worldcom I'd think the stock market was going = bye-bye. I'll admit- I'm still wet behind the ears when it = comes=20 to investing experience but I can't for a minute believe = that the=20 same types of comments weren't passed around (albeit = pre-Internet,=20 shiver) regarding the 1987 crash. Can anyone remember back = that=20 far? I am correct and memory short? Or this truly "new"? = Sorry=20 folks- I was in the sixth grade in = 1987.

Kelly

P.S.=20 - thanks for the "Wall Street" quotes- it's the most used = DVD I=20 own!

-----Original Message-----
From: Cefaloni, = John L=20 Jr. = [AMSTA-AR-WEA]
[mailto:john.cefaloni@us.army.mil]
Sent:=20 Wednesday, June 26, 2002 10:18 AM
To: 'canslim@lists.xmission.com'=
Subject:=20 RE: [CANSLIM] WCOM restatement


At the risk of = being=20 corny, I thought I'd dig up some quotes from the = movie
"Wall=20 Street" (because Hollywood tells us everything we need to = know=20 about
life ;-)

"The main thing about money, Bud, = is that=20 it makes you do things you don't
want to = do."

"Stop=20 going for the easy buck and start producing something with = your=20 life.
Create, instead of living off the buying and = selling of=20 others."

"Stick to the fundamentals.  That's = how IBM=20 and Hilton were built."

"There are no = shotcuts. =20 Quick-buck artists come and go with every bull
market, = but the=20 steady players make it through the bear = markets."

"You're=20 on a roll, kid.  Enjoy it while it lasts, becuase it = never=20 does."

and, of course...

"Man looks in the = abyss,=20 there's nothing staring back at him. At that
moment, = man finds=20 his character. And that is what keeps him out of=20 the
abyss."

Of course, the movie is packed with = many=20 more "bullish" quotes, but those
will have to wait for = another=20 day.

-----Original Message-----
From: Winston = Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Wednesday, June = 26, 2002=20 10:33 AM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] WCOM restatement


People in the = rust belt=20 are back in style.

I believe the expression is "The = meek=20 shall inherit the earth".
There is merit to the people = who work=20 and sweat for a living, instead of the
glorified crooks = of the=20 past three years.
Remember all those clowns forming = companies=20 (with NO EARNINGS) that had
market capitalization = greater than=20 that of General Motors?

Today:
Lear LEI is = up.They make=20 car seats and interior parts.
Delphi DPH guided up = yesterday.=20 They make electronic parts for cars = (mostly
GM).
Visteon VC=20 guided up this morning.They make car parts (mostly for=20 Ford).
P&G ( as Duke pointed out) is up. Soap, = toothpaste=20 and paper towels.
Donnelly DON  (mirrors for cars) = is to=20 be bought out by Magna (they make car
parts) at 38%=20 premium.




----- Original Message = - -----
From:=20 "Duke Miller" <dukemill@tampabay.rr.com>=
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, June 26, 2002 10:07 AM
Subject: RE: = [CANSLIM] WCOM=20 restatement


> Absolutely.
>
> = P&G is=20 up over $1 at the open this a.m.  Up 16% this = year.  43%=20 last two
> years.  Soap, toothpaste, quality=20 people.  All things you can count
>=20 (on).
>
> Duke
>
> (I do have a = position=20 in P&G)
>
> -----Original = Message-----
>=20 From: owner-canslim@lists.xmis= sion.com
>=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Winston=20 Little
> Sent: Wednesday, June 26, 2002 9:48 = AM
> To:=20 canslim@lists.xmission.com=
>=20 Subject: Re: [CANSLIM] WCOM = restatement
>
>
>=20 There may be some merit to companies that make goods that = I can=20 see,
> touch and count such as houses, cars,=20 chemicals.
>
> There may also be some merit to = companies that pay dividends, as the
> crooks are = less=20 likely to borrow or steal funds to pay=20 dividends.
>
>
> ----- Original Message=20 -----
> From: "Dave Cameron" <dfcameron@yahoo.com>
>=20 To: <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, June 26, 2002 9:33 AM
> Subject: = RE:=20 [CANSLIM] WCOM restatement
>
>
> > = Rocky (and=20 all),
> >
> > Yeah... this is=20 amazing.   As a professional statistician, the=20 recent
> > events show why I don't use classical=20 statistical techniques in
> > = investing.   I=20 sold all my individual holdings in November - = haven't
> >=20 bought back in.   Still hold the mutual funds = for long=20 term, but
> > continue to watch them = dwindle.
>=20 >
> > My line to people at work is that I'll = be=20 working until I'm 80....
> >
> > = Dave
>=20 >
> > --- Rocky Sanghvi <rs@mylodestar.com>=20 wrote:
> > > I wish I could say that today = coming=20 blowoff will be the last one.
> > > There are = other=20 skeletons in the closet.  More importantly = the
> >=20 > impact of the
> > > dropping dollar will = be=20 enormous in our highly leveraged financial
> > = >=20 system.
> > >
> > > From ECON = 101
>=20 > > Until now we were managing to balance our = foreign=20 deficits by inflow
>
> > > of cash from = other=20 countries into our markets.  The falling = dollar
> >=20 > is an indication
> > > that money is = moving OUT=20 of the country.  Watch out for the ripple
> = > >=20 effects.
> > >
> > > Unless = ofcourse we=20 attack Iraq immediately and thereby create "a
> > = >=20 demand" for
> > > the the safety of the = American=20 dollar.  ;)   I guess I am cynical.
> = >=20 > Today
> > > the market lost me as an = investor for=20 a very long time.  I quit.
> > >
> = >=20 > -----Original Message-----
> > > From: owner-canslim@lists.xmis= sion.com
>=20 > > [mailto:owner-canslim@lists.xmission.com]On = Behalf Of=20 Winston Little
> > > Sent: Wednesday, June 26, = 2002=20 8:34 AM
> > > To: canslim@lists.xmission.com=
>=20 > > Subject: Re: [CANSLIM] WCOM restatement
> = >=20 >
> > >
> > >
> > > = The=20 mantra of the clowns:
> > > "I want it = ALL"
>=20 > > "Give it to me NOW"
> > > "It is = MINE, I=20 deserve it"
> > >
> > > ----- = Original=20 Message -----
> > > From: "Kent Norman" <kent_norman@yahoo.com>
&g= t;=20 > > To: <canslim@lists.xmission.com= >
>=20 > > Sent: Wednesday, June 26, 2002 8:12 AM
> = > >=20 Subject: RE: [CANSLIM] WCOM restatement
> > = >
>=20 > >
> > > > The answer is:
> = > >=20 >
> > > > The same childish, = short-sighted,=20 immediate satisfaction that
> > > = blinds
> >=20 > > them to the possibility that there is a = tomorrow... They=20 run the
> > > > business like they live = their life.=20 All today and no tomorrow.
> > > >
> = >=20 > > Kent Norman
> > > >
> > = >=20 > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
> = > >=20 <john.cefaloni@us.army.mil&g= t;
>=20 > > > wrote:
> > > > > Well = said,=20 Tom.  What is it that makes people do things = for
> >=20 > temporary
> > > > > gain
> = > >=20 > > when they know they'll probably get slammed for = it in=20 the
> > > future?
> > > > = >
>=20 > > > > I guess it's just greed, stupidity and = arrogance.
> > > > >
> > > = > >=20 -----Original Message-----
> > > > > = From: Tom=20 Worley [mailto:stkguru@bellsouth.net]
> > > = > >=20 Sent: Wednesday, June 26, 2002 12:53 AM
> > > = >=20 > To: CANSLIM
> > > > > Subject: = [CANSLIM]=20 WCOM restatement
> > > > >
> > = >=20 > >
> > > > > once again, Andersen = strikes=20 again, this time by signing off on
> > > > = >=20 Worldcom hiding over $3 billion in expenses as = capital
>=20 > > > > expenditures, and
> > >=20 thus
> > > > > inflating cash flow. = Restatement=20 expected to take away last
> > > five
> = >=20 > > > quarters of
> > > > > = profits and=20 turn them into losses.
> > > > >
> = >=20 > > > Who gave this sanction to a deviation from = GAAP=20 (Generally
> > > Accepted
> > > = > >=20 Accounting Principles)?? Andersen, of course. It's clear=20 that
> > > Enron
> > > > > = was=20 only
> > > > > the tip of the iceberg, = as if=20 Waste Management, Sunbeam, and a
> > > = host
>=20 > > > > of other
> > > > > = companies=20 were not sufficient warning of major problems in
> = > >=20 corporate
> > > > > policy
> > = >=20 > > and infrastructure. Sad to see a great name like = Andersen
> > > prostituted
> > > = > >=20 to
> > > > > selling its certification = services=20 for any price, but also
> > > clear = that
> >=20 > > > it
> > > > > must = disappear from=20 corporate America. And until every major
> > > = company
> > > > > audited
> > = > >=20 > by Andersen undergoes a special review by the SEC on=20 accounting
> > > > > practices, I doubt = anyone=20 will believe that we have finally seen
>
> = > >=20 > > it all.
> > > > >
> > = >=20 > > Tom Worley
> > > > > stkguru@bellsouth.net
>=20 > > > > AIM: TexWorley
> > > >=20 >
> > > > >
> > > >=20 >
> > > > > -
> > > > = > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"=20 -In
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> > > >
> > > > = =3D=3D=3D=3D=3D
>=20 > > > Opportunities always look bigger going than = coming.
> > > >
> > > >=20 __________________________________________________
> = >=20 > > Do You Yahoo!?
> > > > Yahoo! - = Official=20 partner of 2002 FIFA World Cup
> > > > http://fifaworldcup.yahoo.com<= BR>>=20 > > >
> > > > -
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> >
> = >=20 =3D=3D=3D=3D=3D
> > Dave Cameron
> > dfcameron@yahoo.com
>=20 >
> >=20 __________________________________________________
> = > Do=20 You Yahoo!?
> > Yahoo! - Official partner of 2002 = FIFA=20 World Cup
> > http://fifaworldcup.yahoo.com<= BR>>=20 >
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