Well at least you answered the question:
What I do think happened is that likely somebody ran a screen for stocks w/ high trailing PE's w/ significant price run-ups (i.e., usually the most vulnerable of the vulnerable).
Those of us with a more cynical eye prefer the term "suspicious".
You own the Yahoo LBOR board Hardly.
You certainly dominate it. Just as a sample, 64 of the last 200 messages posted there (a bit under three days' worth) are yours. I believe the zoological term is 'alpha male'.
On the accounting thing: Again, call me cynical, but I haven't read yet where Arthur Andersen has come out and given a stamp of approval on Labor Ready's books yet. They were only hired a couple of months ago, and as far as I can tell the award they gave LBOR has nothing to do with their accounting worthiness.
I wrote "Off of the top of my head, I can only think of one such posting, and when I questioned the poster on his source, he stated that he had contacts w/ NYSE employees."
I asked him for his source. He replied (not w/ a specific name, mind you, but he did give an answer). I said 'fine'.
Yet at the same time, you imply that if I had replied in a similiar manner when you challenged me, that you would have not reacted the same way.
You will note even in the case of good news for LBOR longs, I still sought out substantiation.
Substantiation here apparently meaning, "make it sound respectable and I'll let it pass."
Enough of this. Move to end debate. |