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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (14705)8/12/2001 10:09:18 AM
From: Trading Machine  Respond to of 52237
 
Well that's two of you. ggg

Paul K.



To: Chris who wrote (14705)8/12/2001 10:18:38 AM
From: Trading Machine  Respond to of 52237
 
Sorry to be glib about this Chris, but you really need to read what Berney did over the last several months. I will paraphrase; he collected the forecast/estimated earnings per share of 77 of the biggest companies and compared that to the reported EPS. About 25% were far enough off that one could reasonably assume that they were not telling the truth on one end or the other, or perhaps both!

Point 1: If this most basic information is documented to be false, which Berney did with rigor, how can ANY of the other reported information be trusted?

Point 2: This was a sample of one, if the same test were run again the next quarter would we get a different set of companies "fudging" the data?

Point 3: As Allansalias put it so well, how do we divide by zero even if it were factual?

These three points in my mind make most, not all, but most, FA mental masturbation. ggg

Just my opinion.

Good luck next week!

Paul K.