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To: Les H who wrote (179285)7/11/2002 6:50:12 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<US completes Iraq attack plan>>

I saw an advance copy...here it is:

Stage 1: General Greenspan sends in C-130's to do WAVES of airdrops over NYC, while coordinating Foreign allied forces to dump their worthless script in allegience and humble subservience to the almighty GreenBuck.
Stage 2: Hit the Short sellers with a vicious, sneak-attack SPOO ramp. State officially it was buyers "bargain hunting among various beaten-down stocks"
Stage 3: Win the hearts and minds of the clowns with an all-out propaganda war, including the potent mind-control force known as "BubbleVision", exhorting that "The bottom is in!"
Stage 4: Send in human waves of day-traders, preprogrammed to "buy da dip"
Stage 5: Mop up action, clearing out the residual 15 year old "paid bashers" with the crack and efficient SEC forces led by Colonel Klink...errr, PITT.

Remember troops, if the Dow isn't at 11,000 and the Nasdaq at 2200 by Labor Day, (altogether now): "THE TERRORISTS HAVE ALREADY WON!!!



To: Les H who wrote (179285)7/11/2002 8:19:28 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
Is being oversold enough? - Jul 11 3:37pm

One market technician said the market's oversold readings are no guarantee of enduring gains. "We continue to be oversold enough for a bounce here. But considering the fact that our technical indicator 'stars' are far from being aligned, our confidence of any rally being sustainable is not high. Oversold is simply a sign of weakness and not the sole basis for sustainable rallies," pointed out John Roque, senior vice president at Arnhold & S. Bleichroeder. "Much like a pitcher that pitches a gem of a game, gives up only one run to the opponent but loses 1-0, we need other technical teammates to step up here and contribute before we would become more constructive on the major indexes," Roque concluded.

Senate buries stock-option expensing reform - Jul 11 4:03pm

The Senate killed without a vote a proposal by Sen. John McCain, R-Ariz., that would require companies to account for the costs of stock options grants in their quarterly and annual reports. McCain promised that he would not rest until the Senate votes on the issue. McCain said current accounting of stock options has misallocated capital toward high-tech firms and amounts to just another accounting lie. Killing McCain's amendment to the accounting reform bill was a top priority of the U.S. Chamber of Commerce and high-tech lobbyists.