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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (9124)	2/5/2002 11:17:30 PM
From: Rob S.	Read Replies (1) \| Respond to of 11568

LOL! Yes, why not the auditors too. Certainly anyone who has been though a legal battle knows that the system has become so codified in legalese, arcane rules, and other methods to obscure the process to the point that self representation in all but the simplest of matters is impossible and in any case exotically expensive "justice by the pound (sterling)". I have a close friend who is a tax CPA who laughs at the idea that any political effort can ever simplify the tax laws. They have gotten so complex that unwinding them would probably cause a national panic. It would certainly put a lot of people out of work. Flat tax? Yea right, not as long as powerful lobbyists have a drop of blood in their veins. Worldcom has hit a price that it looks extremely oversold. Many thought that was the case yesterday or the day before. By the charts this is the first time many of the indicators have pegged the floor and the sharpness of the decline has met the percentage and sharpness of decline almost always followed by a rebound. Frankly I was surprised we didn't see a rebound toward the close of today. The trading action started looking like money was jumping in but then back out during the last few minutes. I think this is likely due both to nervousness and to the attitude "let it drop, we can jump in on more panic tomorrow, no sense rushing it". This is a buyers market: enter carefully exit nervously.