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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (4660)9/21/2001 3:04:06 PM
From: John Pitera  Read Replies (2) | Respond to of 33421
 
Zebra, that's just about always a fundamental question when it when is expecting a Market Correction. Will
It be a correction in TIME or PRICE? or a combination of the 2?

the DJIA had mostly a correction in time from the 1966 high until the Aug 82 blastoff.

Although there were a number of serious corrections or bear markets, with the largest % decline occurring from
Jan 1973 to Dec 1974. That was almost a 50% pullback.

John



To: X Y Zebra who wrote (4660)9/22/2001 3:57:01 PM
From: Hawkmoon  Respond to of 33421
 
There, the companies are not required to file quarterly reports to the SEC...

Actually Zebra... you'd be hard put to find a company on the OTC:BB that is not fully reporting.

The SEC cleaned them up back in 1999-2000 and were delisting any BB company not maintaining filing requirements, to the Pink Sheets.

However, I agree with some of this discussion about Pro-Forma earnings being misrepresentative. But so long as they represent one-time events, it can provide a more clear picture of the company's actual worth when properly managed.. But Pro-forma earnings, like Non-Qualified Options compensation which skews the actual cost of wages, has obviously been abused.

But both of those "schemes" are about to rapidly come to an end... NQ options are only attractive if the company's stock continues to appreciate. When that trend halts, or reverses, employess will be demanding cash, and not options. Or they will demand them at deep discounts to the market value, and create dilution in the share base.
(eg: CSCO, DELL, and MSFT)

Hawkmoon