To: Zeev Hed who wrote (64939 ) 5/9/2002 5:51:48 PM From: mishedlo Read Replies (3) | Respond to of 99280 Zeev, one thing I would do is put a stop to opening bell gaps. What on earth did CSCO news have to do with AMGN, ERTS, AMZN, COF or any one of thousands of other compaines that gapped up on CSCO "news". CSCO has news, fine, let CSCO and its suppliers gap up, at best. Personally, I think stocks should open where they closed. PERIOD. People want to buy based on that news they buy, people want to sell based on that news they sell. Very tired of these gap ups and down just BECAUSE. I fully believe most news is known in advance and opening a stock up where it closed will give everyone an equal chance. The other gripe is the NYSE "Specialist". It should all be electronic and one person controlling a stock seeing the entire market action and one that allows him/her to trade their own account first is ludicrous. It should take real selling to drive a stock down, and real buying to drive it up. Very frustrating to see "wins" disappear AH on 100 shares total volume. AMD gapped up on me 7% one day (when I was in puts, on a lousy 100 shares). Pro-Forma earnings BS, "beat the street" is another. Analysts lower estimates 1 week ahead of earnings and then "beat the street" by exactly 1c. Then we have Chambers writing off millions (was it billions?) of inventory then selling it. Why should't CSCO be under investigation for that blatant fraud. Of course most bulls won't complain about BS like this cause it helps their cause. Stock option accounting. What a scam of dilution. Companies talking up their stock (saying things are fine without giving forward guidance). Well The CEOs should NOT be allowed to say things are fine and warn 2 weeks later. Nor, when earnings come, should they be able to say "we see IMPROVEMENT" unless they are willing to raise forward guidance. Perhaps EVERY earnings should be accompanied by forward guidance. Beat the street should be based on THAT nummber and that # alone. No more analyst revisions down to beat by a penny. Beat should be what the COMPANY projected every quarter going forward. These are the additional things Dave Gore should be complaining about IMHO, instead of PEs. M