Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (95787)	10/5/2006 10:03:22 AM
From: Patchie	Read Replies (3) \| Respond to of 122087

Nope, not saying that. I am saying that Refco did not have accounting issues that impacted the stock question is, were the issues severe enough to cause a market cap loss of billions (90+%). By all accounts it was a $500 Million accounting issue. Question is, did the raid on the stock cause the ultimate demise of the company as it brought it below the unnatural levels? Remember, having a crook as a CEO is not a cause for the company to collapse and based on how heavily touted Refco was when it went public, $500 million is not cause to lose 90% of it's market cap when the industry placed this stock into a muli-billion value. Did H-P go bankrupt? Do all firms with accounting irregularities go belly-up? No. Many do see a rapid increase in settlement failures on the news though. Does the trading into settlement failure create artificial lows?