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To: WTMHouston who wrote (52)	8/4/2001 2:39:55 PM
From: John Lacelle	Read Replies (1) \| Respond to of 59

Troy, Very good post. I think what bothers me is that they treat cash loses as if they don't count. If I use that same kind of logic, I could claim that I have never had a bad position in the stock market, I simply carry over the loss into the future where it will never happen. If course if I said that I was never wrong and picked every stock and option right, I could sell my newsletter for a million bucks since everyone who followed my advice would be a winner. The question is why does pro forma accounting make Home Store a winner, and me a liar? -john