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To: Les H who wrote (146977)1/29/2002 7:16:17 PM
From: KeepItSimple  Read Replies (4) | Respond to of 436258
 
APC just shit on the living room carpet.

biz.yahoo.com

Restating a billion dollars worth of bogus earnings. Apparently they couldnt figure out how to price oil and gas- the #1 component of their business. LOL. Yeah suuuure.

This is going to be a fucking STAMPEDE as execs from every public company in the US triy frantically to clean up the books before they get thrown in jail by the angry mob.

HO HO HO! Tough love has officially began. And just like I always predicted- it will begin with handcuffs, and end in tears.

With each new restatement, confidence will be lost. And my poots will continue to increase in value.

BTW- I'm up 430 percent since making my ultra-bearish options call earlier.. (the one that got me thrown out of the CFZ e-wave thread)



To: Les H who wrote (146977)1/29/2002 7:17:50 PM
From: Wyätt Gwyön  Respond to of 436258
 
Barra follows the Fama/French model in dividing value/growth according to book value only. (Value being high book to market, and Growth low BtM)
when the negatives are included, Value can sometimes have a higher PE, but BtM should always be higher (i.e., lower PBR) than Growth. a similar Value/Growth PE inversion occurred in Barra's indices in late 1993 due to large losses at GM, etc.