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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: milesofstyles who wrote (7186)	7/26/1998 1:34:00 AM
From: bdog	Respond to of 29382

good point milesov. bdog

To: milesofstyles who wrote (7186)	7/26/1998 11:41:00 AM
From: LTK007	Respond to of 29382

Miles--I do backchecks on 2nd Opinion and in this case I see they upgraded PSIX to a buy long on 7/17/98 when it was at a price of 13.69--they do make some spectacular calls,and all TA only based.The nice thing about 2nd Opinion is they date all their upgrades and downgrades so it all hangs out as to how they are doing--I think even for full-time do your own TA like yourself it is a good reference point to match results--and see how it,for instance agrees or disagrees with your power tool--good luck,Max

To: milesofstyles who wrote (7186)	7/26/1998 1:19:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

miles, I guess you have to pay for acquisitions some how and account for them as you see fit. Thanks again for the information, it did help me out. Joe

To: milesofstyles who wrote (7186)	7/26/1998 1:43:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Miles, great illustration using companies A, B and C each choosing a different accounting method to report an acquisition. There are controls and standarts in place to monitor false reporting or manipulation. The first item to look for are the footnotes at the bottom of the financial report. The footnotes should detail the accounting method used and provide references as to compliance with SEC regulations, and additional information if necessary such as citing FASB or AICPA accounting principles. Comparable transactions are subject to the consistency doctrine. Co. A would need to ensure that accounting for acquisition 1 is treated similarly to acquisition 2. The dual aspect of accounting can also be used to scan for manipulation. Total assets = Total liabilities + owner's equity Sergio