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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (14659)6/18/2002 4:02:53 PM
From: Bob Rudd  Read Replies (1) of 78732
 
Paul: The key point for me in easing back in is that the short case has been made in full [apparently - 27 pages] and there just doesn't seem to be any Oh Sh*t! revelations. The market may be reflecting the expectation that the SEC announces an informal investigation as it often does when there's public accounting controversy. The SEC does a lot of those and often it's no biggie, but in this hypersensitive environment it may be perceived as such. This is just a wild-arsed guess on my part, though. Could also be that the market has seen recent controversial companies go on to get killed [Tycosis] and is easing to the sidelines [as I did earlier] to watch from the safety of the bleachers.
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