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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: John Koligman who wrote (56950)1/31/2002 12:07:53 PM
From: GVTucker  Read Replies (4) | Respond to of 77397
 
John, RE: I'm kinda glad I've been scalping this market because unless one is a forensic accountant (and maybe not even then), the deck seems stacked...

That brings up an interesting debate that I've been having with a few people over the past month.

I'm of the opinion that if your accounting abilities are good enough, you should be able to spot potential Enrons and avoid them. Yes, there might be a few false positives along the way, companies that you avoid because of red flags that end up being good investments. But if you're willing to live with the false positives, your chances of buying an Enron are almost nil.

Thus far, I haven't been able to convince some of my friends.