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: IsaacF1 who wrote (1922)	6/8/1998 7:26:00 PM
From: milesofstyles	Read Replies (1) of 13094

isaac regarding: It's quite possible that the company has not yet recieved payment from customers which could have caused the drop in gross profits, it could be something else though and with the way the market is acting up a drop in profit could mean bad news for price per share even if it is just a matter of collecting outstanding bills, thats why I chose to post that particular news byte and drop my average for CADE.... does cade record their sales after they receive their cash? doubtful...based on accounting principles there are three ways to record sales, point of sale, basis of percentage complete, or upon delivery. all will have a debit to cash or acct rec., with the credit going to sales. for the decrease in margin, you have to look for an increase on the expense side or price reduction of product due to competition.

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