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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (519)7/9/2002 12:49:36 PM
From: Dave Gore  Read Replies (2) | Respond to of 589
 
EXPOSING ANALYSTS AND BROKERAGES ---- I'm in the mood.

EXPOSING GOLDMAN --- KG drops 60% after Goldman puts them on their Recommended List!

Maybe what we need to do is E-mail brokerage Presidents at Goldman and other firms and, most importantly, C.C. the SEC, DOJ, Eliot Spitzer, etc. whenever we spot stuff like this. Because let's face it, they are either manipulating or really stupid to put stocks on their Recommended List that drop by 60%!

07:43 ET King Pharms (KG) 37.99: Goldman Sachs upgrades to REC LIST from Mkt Outperform (NOTE: stock recently went to $17+).



To: Raymond Duray who wrote (519)8/1/2002 10:32:49 AM
From: Dave Gore  Read Replies (1) | Respond to of 589
 
Where's the Cash Flow Statements?

Another example of how the small guy is the last to get key info to a company's health:

whole article:
marketwatch.com

****

"Giving individual shareholders access to a cash flow statement along with the earnings release would give many of them a shot to investigate statements with a more skeptical eye. It would even give many shareholders a better shot at avoiding stock losses due to faulty financial accounting.

To be sure, poring over a cash statement and making it correspond with a company's balance sheet isn't as easy as playing the meet-the-number game most small investors use to judge a company's performance. But the investors who dig through cash statements with a skeptical eye are likely to find potential problems -- and tip off other small shareholders to them.

IBM (IBM: news, chart, profile) failed to disclose a $317 million asset sale at the end of 2001, causing a stock sell-off when it was eventually discovered. The item was eventually reported in its regulatory filings when the company issued a cash flow statement.

Had IBM been forced to issue a full cash flow statement when it first came out with fourth-quarter 2001 earnings, shareholders could have known immediately that the company's earnings would have fallen fall short without the asset sale.

A closer examination of cash flows would have likely resulted in analysts unraveling several accounting scandals that have recently rocked the financial world much sooner. WorldCom this year ended up with a $13 billion line item on its cash flow statement from capitalizing multiple expenses - a sore thumb, it turns out. With few exceptions, a company's cash level is supposed to move in the same general direction as its net income or loss."