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To: kapkan4u who wrote (164960)5/6/2002 10:42:29 PM
From: Elmer  Read Replies (1) | Respond to of 186894
 
As I said when I covered, I will try to get back in on a bounce. It looks like the bounce is being delayed, maybe indefinitely. One should really read today's WSJ article about the SEC looking into KPMG's role in Xerox's accounting swindles. It illustrates that our corporate equity markets have become an accounting cesspool. Enron and Xerox are the tip of the iceberg. IBM was taken out today; watch out for the rest of the DOW. It may happen sooner that I thought.

Like I said, if you believed this you'd be selling naked calls, selling short and buying puts.

Go for it. Put your money where your mouth is.

EP



To: kapkan4u who wrote (164960)5/6/2002 11:15:18 PM
From: L. Adam Latham  Read Replies (1) | Respond to of 186894
 
kapkan4u:

Looks like the problems don't end with KPMG and Xerox. Apparently SEC Chairman Pitt had some questionable meetings with KPMG (a former client of his), thus casting concern over whether he's abiding by SEC ethics rules.

P.S. Is there ANY stock you're buying?

Adam


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