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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (327)	4/15/1998 3:44:00 PM
From: sam	Respond to of 650

At the time of my post there was a lot of shares for sale at about 33 1/2 (100,000 shares showing -- FWIW). Probably means nothing, but deep down I actually believe -- despite all the evidence to the contrary -- that this market makes SOME sense. Wouldn't it be great if the market made sense just one day?

To: Pancho Villa who wrote (327)	4/16/1998 11:07:00 AM
From: ralph keating	Respond to of 650

Cendent and BFT hmmm... <eom>

To: Pancho Villa who wrote (327)	4/16/1998 9:21:00 PM
From: buzzlite	Respond to of 650

"remember this puppy was at 19 the first week of Feb!" Oh I remember -- that's where I shorted it! Lawdy. Now the only question is when to short it again.

To: Pancho Villa who wrote (327)	4/17/1998 7:59:00 AM
From: Kip518	Read Replies (1) \| Respond to of 650

Pancho, brief squib on CNBC-Europe this morning -- reporter said a London accounting firm has recalculated the earnings reports of the top 100 U.S. companies to include costs of employee stocks options (must admit I do not know enough about accounting to know what this means exactly), but the conclusion was that with this recalculation nearly all of these firms has seriously overstated profits. The one example given was that MSFT would have reported a loss last quarter had their accounts incorporated these costs. With CD in the news, maybe people will start looking more closely at what accountants have been doing lately. The engine for this market in past few years has been the story rising profits -- they may in fact have been ephemeral. Looks like today may be a good day for the bears. Kip