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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (12656)	10/29/2002 6:33:37 PM
From: mishedlo	Read Replies (2) \| Respond to of 30712

The problem is "beat the street measurement" CEOs should be required to give forward guidance at end of each quarter. REGARDLESS of intra quarter warnings etc, Earnings beat ONLY if they beat previous EOQ guidance. They guide down -.20 and come in at -.15. Well sorry, that is a MISS by -.15. There needs to be additional rules. A standard format. That format MUST come out first. EVERY company uses the same format. EXACT SAME headlines. Company XXX meets earnings expectations of ... Company XXX exceeds earnings expectations of ... by ... Company XXX misses earnings expectations of ... by ... Revenues were UP/DOWN/INLINE with estimates of ... by .... Forward Guidance is xxx to xxx. PERIOD end of story. Earnings MUST be CORE earnings as defined by S&P. Following those headlines, company can put all the BS proforma crap they want. C "beating estimates" (watered down estimates at that)because they sold a building is a total joke. This stuff infuriates me. One can do all the analysis in the world CORRECTLY and lose to such Bullshit. Finally ALL earnings reports will be given intra-day. Tired of the crooks getting the info while futures are down then we see a gap up or down. There are other problems with AH manipulation on light volume as well. This would help minimize that. M