Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: sq39 who wrote (25138)	11/29/2001 7:18:46 PM
From: TechTrader42	Read Replies (1) of 52237

The market probably went up secure in the belief that ENE is the only company with "murky finances." We know that other companies haven't been issuing misleading earnings reports, don't we? "The SEC chairman said today that one issue raised [by the ENE case] was 'the extent to which corporations disclose to their shareholders information that can have a material impact on what the shareholders' equitable investment and interest is in the corporation.' ... " 'One of the things that we are looking at is whether the accounting principles that apply were applied appropriately, and ... if so what, if any, circumstances may need changing at the end of this,' he said in a question-and-answer period." biz.yahoo.com People who think the bear market is over should have received a wake-up call with the ENE news. But of course, they probably didn't -- or they hit the snooze button again today. Japan had its banking crisis. This country will probably have its pro forma earnings crisis. Meanwhile, ABC reports that the ENE chairman made $21 million. As for Donald Sew, sq39, I hope he isn't suffering from the same condition afflicting me: whiplash from whipsaws. Was that a sell signal or a buy signal today? You tell me.

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