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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Dr. Id who wrote (51965)	7/10/2002 12:49:09 PM
From: slacker711	Read Replies (2) of 54805

It doesn't account for fraudulent filings, nor does it account for corporate lying. I don't care how much due diligence a Worldcom or Enron investor engaged in...in the end, he was going to get screwed. A couple of thoughts.... - There will always be insiders who have more information but the internet has narrowed the gap between individual investors and institutions pretty dramatically. - Enron's balance sheet had raised red-flags to lots of different people before they went under. It wasnt that these investors knew exactly what Enron was doing but that it was so overwhelmingly complicated that it was impossible to decipher. It might just be worth staying away from stories like this all together. You might miss a couple of good ones, but you would probably come out ahead. - For me, Worldcom was simpler. Do you want to invest in a company where the company gives a huge loan to the CEO to meet a margin call? Way to much reason to defraud investors when your CEO is on margin... Of course, none of the above would have helped us avoid QCOM or SEBL....but the problems there dont have much to do with our lack of information. Just my two cents.... Slacker

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