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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (14406)1/7/2000 1:42:00 PM
From: Triffin  Read Replies (2) of 54805
 
OT .. LU Debacle ..

Yet another example of how the 'small' investor
gets left holding the wrong end of the stick ..
The powers that be need to revisit this entire
issue of earnings pre-announcements and warnings ..
There was a time; not so long ago; that a company
would announce it's earnings with a modicum of
predictability, on a 3 month cycle, giving the
investor the opportunity to take defensive action
if need be ahead of the scheduled earnings release.
It would be imho a much 'fairer' system if companies
were in fact prohibited from making such disclosures
prior to earnings release dates. It's bad enough that
analysts notify top clients of pending ratings
changes ahead of their press releases or 'use' those
changes to effect buying/selling pressures that wouldn't
normally be there to facilitate institutional trades.
A way to reduce the abuses of 'selective disclosure'
would be to eliminated the ability to 'pre-announce';
then the "analysts" might in fact do a little more
of what they're paid to do .. If earnings are bad or
going to miss the make .. then so be it .. just announce
it on earnings release day .. much fairer all around than
a 'random' event such as the LU announcement ..

Jim in CT ..
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