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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (9497)7/12/2002 4:09:06 PM
From: Roger Bodine  Read Replies (2) | Respond to of 16631
 
"We also desperately need to send a message that the guilty "Whitest-Collar" criminals who got/get filthy rich while taking a whole Company and its
workers and shareholders down are punished more severely than the guy who steals a CD out of a audio store."

Dave, it goes even further than that. ENRON example: I live in northern Calif. and my electric bill (winter) went from previous year of $125/month to $450/month. It states on the bill that this is due to higher energy costs (PG&E bought power from Enron).
So the little guy on the retail end of the pile pays off management's abuses.
Roger



To: Dave Gore who wrote (9497)7/13/2002 2:38:50 PM
From: mishedlo  Read Replies (1) | Respond to of 16631
 
Stock Options
Please Contact your senator at www.senate.gov
Express your opinion NOW
======================================================================
I sent this to EVERY US Senator
Subject: McCain's bill for reform of stock options.
The following letter sent to Taryn Lynds at AeAnet.ORG who lobbied to kill McCain's bill. This summs up my position on the bill as well as any senator that acted on behalf of the fat cats to preserve the status quo.
========================================================================
The defeat of McCain's bill on stock options was is a victory for the fat cats of america and corporate insiders everywhere. It allows the continued raping of the American public and common shareholders. You must be proud. How much $ did corporations give you to lobby on their behalf. People are willing to do anything for money and you proved it too.

Brocade gave 19% of the entire company in 1999 as stock options. This is not an isolated case this is the typical case. Brocade was a huge Multi-Billion $ company, not a startup needing protection. Those stock options were not expensed and resulted in mammoth shareholder dillution. We see shareholder equity dropping all over the place in spite of "earnings" statements that show DELL or whoever is making a profit. Why does shareholder equity drop although earnings are supposedly going up. You guessed it (stock options are one reason). Let's continue to hide the fact and continue to overstate profits and continue to suck in fools buying these companies so that the fat cat executives can continue to get filthy rich at common shareholder expense. Look at AGM (Aggie Mae). Why is this company falling like a brick. Could it be because 3 top execs gave 15% of the company last year via options to themselves. This is raping the american public.

Pray tell, what other accounting reforms are you fighting?
Probably all of them. Let's hide all the problems forever. I bet you are happy to see SEC filings come out on a delayed basis after proforma results are published. In fact why not extend that period to years later or never. I also like the idea of 3 page earnings satetments with 20 pages of footnotes that in various ways hide offshore deal and other nonsense. Hopefully you are working hard to eliminate the need to show these footnotes at all. Too much clutter.

Don't lie to me about options being too hard to expense. Some of the more conservative companies like Boeing already do it. Others can too. There are easy ways to account for them. I know.

I hope you can sleep with your decision to cheer this victory.
For the record, what was your bonus for this victory to rape the American public? How much $ did your organization receive from corporations to fight this battle on their behalf?

It's people like you that truly disgust me. Do anything for a price to keep the status quo going and collect fat bonuses while common shareholders wonder why their stocks keep going down.

Congratulations on your victory for corporate insiders everwhere.

Mike Shedlock



To: Dave Gore who wrote (9497)7/14/2002 11:42:29 PM
From: Dave Gore  Respond to of 16631
 
CONTEST UPDATE - Gold & Silver Stocks Lead (Again)

1) The Vet (L-HGMCY) 1 $11,529.90
2) DougAK (L-SIL) 1 $11,398.05
3) Sir Realist (S-INFA, L-GG) 2 $11,028.81

entries
The Vet (L-HGMCY) 1 $11,529.90 $375.52 +3.4% Edit Delete Compare
Bruce Brotnov (L-FORG, L-TTIL) 2 $7,248.28 $288.40 +4.1% Edit Delete Compare
MPH (L-VWKS, L-NFI) 2 $8,221.79 -$343.28 -4.0% Edit Delete Compare
Warawls (L-NVDA) 1 $7,065.26 -$7.10 -0.1% Edit Delete Compare
Jorj X. McKie (S-SCIO, L-JNPR) 2 $9,968.69 $342.38 -90.8% Edit Delete Compare
Bouf (L-LAN) 1 $8,828.13 $156.25 +1.8% Edit Delete Compare
Dale Baker (L-TBAC, L-PERY) 2 $8,730.84 -$156.75 -1.8% Edit Delete Compare
VegasMan (L-UVN, L-MVL) 2 $8,724.67 $79.40 +0.9% Edit Delete Compare
John J. O'Reilly (L-USNA) 1 $10,169.52 $1,711.87 +20.2% Edit Delete Compare
DougAK (L-SIL) 1 $11,398.05 $235.38 +2.1% Edit Delete Compare
Driverxxx (L-ZQK, L-CANI) 2 $9,564.08 -$244.98 -2.5% Edit Delete Compare
Rich1 (L-EBKR, S-TYC) 2 $9,124.54 $232.39 -21.0% Edit Delete Compare
Lee Lichterman III (L-ILA) 1 $5,851.89 -$238.68 -3.9% Edit Delete Compare
Rellabourn (L-RANGY) 1 $10,245.75 -$207.94 -2.0% Edit Delete Compare
Gypsees (L-IDPH, L-OMX) 2 $9,581.54 $363.12 +3.9% Edit Delete Compare
Lehoogie (L-MLNM) 1 $8,771.13 -$115.76 -1.3% Edit Delete Compare
Benchpress 550 (S-SSRI, S-BPUR) 2 $9,097.33 -$599.59 +5.8% Edit Delete Compare
Madtyrolean (L-GG) 1 $10,920.10 $171.89 +1.6% Edit Delete Compare
Sir Realist (S-INFA, L-GG) 2 $11,028.81 $77.40 +8.1% Edit Delete Compare
Frederick Langford (L-EASI, S-PYPL) 2 $10,633.20 $52.89 +9.1% Edit Delete Compare