Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (176343)	6/28/2002 9:45:05 PM
From: Haim R. Branisteanu	Read Replies (2) of 436258

Earlie there is nothing that any accountant can not see. The issue is does he want to. Accounting is no high tech science is a quite simple profession and those practicing it must know the laws and regulations. The scams are done for a known reason and accountants help hide the facts in the small print. Rarely the facts are omitted they are just reported in a different way ..... all is usually in the small print you just must search for it. Those that are leaded to slaughter are the same greedy people who fail to read, dissect and understand financial statements and prefer to sell a story and make money out of it. Not once I warned on SI about irregularities in financial reporting from CA to LU to VLSI to SIII to CSCO and the list goes on. What I got in response ? Almost public lynch on SI and treats to be sued by real people and entities. The problem that I had whit those companies was that I was to early and usually after identifying the irregularities the stock still was moving up 20% to 50% or more. On average it took over 2 years or more for the stock to collapse. Remember quite well that some of those stocks were promoted on CNBS day in day out

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