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<DIV><SPAN class=500025504-01061998><FONT color=#0000ff face=Arial size=2>EPS is
reported on a fully diluted basis, which includes all outstanding options
presumed to be exercised.</FONT></SPAN></DIV>
<DIV> </DIV>
<P><FONT face=Arial size=2>JFB</FONT> <BR><FONT face=Arial size=1>Shaven Heads
Trading NYC</FONT> </P>
<DIV> </DIV>
<BLOCKQUOTE>
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]<B>On Behalf Of</B>
maposnak<BR><B>Sent:</B> Sunday, May 31, 1998 1:42 PM<BR><B>To:</B>
RealTraders Discussion Group<BR><B>Subject:</B> Fw: An idea to beat the tax
man<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>RT</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>Dividends paid are not a
deductable expense for a C-corp. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>This brings up the interesting point about stock options
paid to compensate corp higher ups. These are also non deductible and they
for don't even show up in earnings per share calculations. This
directly inflates the price of the stock assuming no change in PE
ratio for the industry as a whole. Of course rapidly rising earnings expands
PE ratios.</FONT></DIV>
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</x-html>From ???@??? Sun May 31 22:32:17 1998
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Date: Sun, 31 May 1998 23:06:35 -0600
Reply-To: jwalker@xxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Jeff Walker <jwalker@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: MKT: sentiment - very bearish
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----------------------------------------------
LOWRISK.COM
INVESTOR SENTIMENT SURVEY
6 / 1 / 98
------------------------------------------------
Below are the results of our weekly "Guess the Dow" sentiment survey. The
survey was taken from 5/25 through 5/31 on our web site.
Number of participants: 403
30 day outlook:
27% bullish, 23% last week
57% bearish, 42% last week
16% neutral, 35% last week
(percentages may not sum to 100 due to rounding)
Median guess for the DJIA closing value on Friday, 5/29: 8971 (it was 9067
last week). More complete sentiment data is available at
<http://www.lowrisk.com/sentiment.htm> .
Yet another week with EXTREMELY bearish sentiment. The 57% bearish reading
is the highest ever in the 56 weeks of data that we have. The DJIA fell
more than 200 points last week so an increase in bearishness is to be
expected. However, a 56% bearish reading must be taken as some type of
warning not to get too aggressive with the short positions. Bullish
sentiment actually climbed a bit last week to 27%. Apparently this was a
week where a many people made up there mind - neutral sentiment dropped 19%
to end at 16%.
To try this week's contest, stop by: http://www.lowrisk.com/guess.htm
More sentiment data is at: http://www.lowrisk.com/sentiment.htm
best regards,
Jeff Walker
-----------------------------
To subscribe: send mailto:gtd-request@xxxxxxxxxxxx with the word
"subscribe" in the body of the message.
jwalker@xxxxxxxxxxx
http://www.lowrisk.com
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