Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (10581)	2/4/2002 3:09:42 PM
From: James Strauss	Read Replies (1) of 13094

William: There are many more shoes to drop in the aftermath of the Enron implosion... CNBC commentators were describing their revenue reporting methods similar to a Ponzi scheme... They said that Enron kept moving money through their partnerships to enhance income statements when needed... This highlights the wink and a nod relationships between accounting firms and their big bucks clients... Too many conflicts of interest... Another thing to hit the fan will be how many companies lump the revenues of multi year contracts into the first year rather than accruing it over the life of the contract... This is going to further deflate what's left of the market bubble... As for Argentina... In addition to the double digit inflation Argentina is spawning by printing all that new money, the U.S. will wind up paying for this mess... The U.S. is us... [: < -$$$ Yup... That AFC win spells doom for the market unless fall fashions have shorter skirts for women... Then, we'll have a standoff... : > Jim

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