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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (49312)	4/2/2002 10:20:21 AM
From: Clappy	Read Replies (1) \| Respond to of 65232

Started to go long today, Are you buying this down today also? It's difficult for me to sit on my hands and sit on my cash... I'm trying to wait for a better entry. I'm not thrilled with the charts that I'm looking at. I also wasn't impressed with yesterday's low volume bounce back. But I'm itchin'... Is there something you like about this market that is hard to see?

To: RR who wrote (49312)	4/2/2002 10:46:54 AM
From: stockman_scott	Respond to of 65232

Andersen Partners Consult Lawyers About Limited-Liability Protection Tuesday April 2, 2002 Among the life-threatening issues facing Arthur Andersen LLP, one looming especially large for its partners is how effectively those three letters, LLP, shield them from potentially ruinous personal liability, Tuesday's Wall Street Journal reported. Concerns are growing among Andersen's roughly 1,750 U.S. partners that even those who had nothing to do with the firm's work for Enron Corp. could eventually face personal liability stemming from the botched audit. Worried about what protection the limited-liability partnership provides them, many are now consulting lawyers for advice, with some pooling their resources to retain prominent bankruptcy attorneys to lay out options for protecting personal assets. In Houston , for example, one group of partners is close to hiring a law firm to help about 100 partners. "There's no reason for each of us to lay out $1,000 an hour apiece," explained one Houston partner. "Whether or not we ultimately choose bankruptcy, that's the type of attorney we're hiring, because they are the ones who would handle the types of issues we have." The partners' quest for legal advice comes as options for Arthur Andersen are rapidly dwindling. Its trial date is nearing on a federal criminal charge tied to the admitted destruction of Enron-related documents. Already, the firm faces claims exceeding $1 billion from Enron investors, and the collapse last week of a $217 million settlement of a separate Arizona fraud case raised questions about the extent of Andersen's insurance coverage. Yesterday, at least two more audit clients defected and three others announced plans to explore alternatives to Andersen. Meanwhile, there is a job vacancy at the firm's global coordinating body, Andersen Worldwide. Andersen Worldwide's board of partners today in London will discuss, among other things, what to do about the vacancy, created when the global firm's chief executive quit last week.

To: RR who wrote (49312)	4/2/2002 3:09:59 PM
From: Clappy	Respond to of 65232

I could not sit on my hands any longer. I'm catching a knife... A sharp one at that. Maybe made of silver... Who knows. I bought GMST at $9 for a bounce. Might sell it for 10% if allowed to... That's another gorilla stock getting the heck smacked out of it. -ClappyTheSilverwearJuggler