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Drive By-Thumpings


"Play it safe and, if possible, natural this weekend, Minyans!"


* For some reason I'm still feeling worked up about the whole Sarbanes- Oxley train-wreck awaiting us at some unspecified date that I was discussing in the context of Ebbers earlier this week. So much so that I feel compelled to point out that the basic story line of the whole thing turned out to be:

1. A massive accounting firm and Big Three member takes part in an industry-threatening fraud. This is a huge problem for the accounting firms, facing industry pricing weakness in large part because they are regarded as providing the exact same services, more or less.

2. Brows are furrowed. Committees are formed. Laws result emphasizing the import of financial integrity in corporate reports. Executives are forced to sign off on numbers and are liable if those numbers are known then or are discovered to be false.

3. The Big Three becomes the Big Two and is nearly overwhelmed by the wild ramping need for their services because (cool part coming) the new laws neccessitate a massive increase in accounting hours needed to stay in compliance.

The only historical precedent of the town lunatic getting elevated to President of the asylum in a comparable manner is Bootleg Joe Kennedy getting named the first head of the SEC after spending the 20's running "stock rings" but emerging from the Crash unscathed.

* On a strictly subliminally related personal note, I was high-stepping like Leon Lett into the weekend 3 hours ago. Jamming Virgin web radio, writing an ambitious overview of the cable industry (aka: "TiVo's Plaything"), ignoring the tournament. All systems were go when, like a streaking Don Beebe, an accountant dragged me down from behind.

2 hours and 50 minutes of emails and phone cons later I sat down and typed "For some reason I'm still worked up..."

* 21 minutes to go... now I'm really getting pessimistic about those HPQ puts. On that topic of options, don't let 'em go out worthless. Really... I'm sheepish on even sharing that process as it's a stupid move. A trade of the sort that is to a portfolio what lotto tickets are to a household budget.

* And on the topic of things I ought not say (just flowing here, Minyans)... was I the only one who heard Rafael Palmeiro's "I've never used performance enhancing substances" and immediately thought "I have no idea about steroids but in Ron Jeremy's World you sure have"?

On reflection, I was probably just the only one who would admit that. With that I'm off to spend the weekend giving Macke's Ragin' Apathetics spirited talks about commitment and drive. Or I'll be napping... I'm playing it by ear.

Position in TiVo, position in HPQ (30 minutes and counting)

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