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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (23432)10/15/1999 9:23:00 AM
From: tom pope  Read Replies (2) of 43080
 
>>>>>CORL - buy on the dips on news-chairman charged insider trading.
the news is not material.buy CORL if it sells off.

ya ... about as much as 'irregular accounting'
both are killers<<


I'm not sure I agree, Sue. Accounting irregularities are toxic because they make it impossible to evaluate the business. Cowpland's problems, if they lead to his removal, could benefit the markets' perception of the company by eliminating the source of the total lack of confidence markets have in it.

Oh, yeah, I'm long CORL
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