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To: Boplicity who wrote (8348)7/23/2002 8:37:15 PM
From: David Weis  Read Replies (1) | Respond to of 13815
 
B ---

3 things will turn this market around:

1) Clean accounting and reporting.

2) Clean accounting and reporting.

3) Clean accounting and reporting.

I don't think Congress has enough gumption to pass a law requiring Options to be expensed.

David



To: Boplicity who wrote (8348)7/23/2002 11:52:06 PM
From: Sig  Respond to of 13815
 
<<Tell me what you think could happen to turn things around.... >>
Each of the things you mentioned will require time so that would be the proper answer.
Congress is in session and that usually hurts the market ( too much talk of money matters)
They will have a recess shortly- might help stop the bleeding.
I have lowered my investments each week but its never been enough, trying to keep even a few hundred shares can still be painful- when stocks are tanking by 30%
I have run out of patience, after 2 1/2 years, and much inclined to dump everything.
The Dow folks have not been burned as thoroughly as techies, and if I am correct they will think very seriously
before buying more of even the so called defensive stocks.
The main explanation I give for expecting stocks to go down would be the high P/E's. Dell for example, is 49 today and if they are required to expense options that would become nearly 74. I am with David, do not believe
that Congressmen have the courage to call for the expensing.
74 tears to earn enough to pay for a share of stock? Thats long -term thinking carried to an extreme
Might as well shoot ducks in a barrel, buy INVN tomorrow.
Sig