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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Dave Gore who wrote (6731)5/6/2002 1:01:36 PM
From: Dave Gore  Read Replies (2) of 16631
 
WHAT CAN THE SMALL GUY DO? ------ I am a believer that what the masses want, they can eventually get. If the masses demand some serious action be taken to right these wrongs, then it just might happen.

The problem is that not enough people believe that or take the time to complain. They think "I'm too smart a trader to get caught up in this manipulation" or "I can use it to my advantage". Well, just think how much easier it would be if stocks traded based on PE, PEG, and other value indicators fairly. Just think if standard accounting procedure were rigidly enforced?

I think we'd all be quite wealthy.

Why? Because much of the guesswork would be gone. We could stop wondering why a stock like TER was trading at over $30 per share when it is losing money bigtime or countless others that that are doing the same. Also, we wouldn't have a stock like ESST trading at a trailing PE of 12 when a competitor with lower earnings, ZRAN, trades at 85 times trailing earnings. There would be an orderly methodology to valuing stocks.

Can we all help bring this to the attention of some people who might change it? I don't know for sure, but Enron's scandal and the resultant public outcry might make this a good time to do so. Politicians might have some self-serving reasons to acutally listen for a change.

I would write the SEC just to get it on record and then write the people who might be willing to help ---- your local and state representatives, and the Senate Subcommittee who deals in these things.

Anybody know how to contact the later?
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