FYI: Never own anything that can or will go down. Unless you can short the stuff.
[ May 26, 2006, 20:56: Message edited by: Bob Frey ]
Posted by Johnwayne on :
Well all I know is that the E is added to symbol because they have not filed financials in time. Since they filed today it will be removed in 5 business days I believe.
Also looks like they lost 3 times as much money this year as they did last year.
According to the chart for today it looks like the PPS nosedived as soon as the report was released so I would review the report and see if there are any red flags in it. The timing of the release is fairly suspect. Releasing it today makes me think they didn't want alot of people to see it so they released it the day before a holiday weekend.
It's difficult to tell you what to do with any stock. Depends if you intend to play it long and believe in the company, or if you were just looking for a quick flip or day trade.