May be due a big refund from Uncle Sam.
Spike in volume on FRI. up .17. No news
This is one of my picks for tomorrow, this stock has been accumulating and distributing in the last weeks, now she's up with increasing volume and starting momentum.
She's trading a descending channel, and the upside of the channel could be the next target. I'll dump it, if it turns to be a false short term breakout.
Nice one Jessie, stopped right at the 50SMA but there is no real resistance to speak of there to cause a problem. Most of the advance took place in the first 30 minutes of Friday trading and then a nice last 15 mminutes into the close. Looks like $1.25 will be available on Tuesday, but it may happen very quickly in the opening minutes. On my list now.
Mike
Thanks aussie ;)
watchin...they have filed suit against huge competitors..but I dont care..if it enters the gap heavy(with volume) it might be a lil something something ;)
Something's Fishy ???
EliteG,explain to me what went on with the price of this stock.
Reverse split.
You didnt miss on any action. ;) How can such a vibrant community miss an action like this. :D
- Dhiraj
Another one the was forgot about
Uncle Sam must have came through....Show me the money!
'ETS' is not a valid ticker symbol. Threads were merged.....
Another one bites the dust ! :D ;D ;)
WASHINGTON, Dec 20 (Reuters) - Four former executives of privately held computer security company Enterasys Networks Inc. have been convicted of accounting fraud, the U.S. Department of Justice said on Wednesday.
A jury on Tuesday after a five-week trial convicted former Chief Financial Officer Robert Gagalis and former executives Bruce Kay, Robert Barber and Hor Chong Boey in federal court in New Hampshire, the Justice Department said.
"The charges on which the four defendants were convicted stem from a scheme that began in the summer of 2001 to falsely inflate Enterasys' revenue to increase, or at least maintain, the price of Enterasys stock," the department said in a statement.
The scheme involved backdating and falsification of documents, as well as concealing terms of deals "to facilitate the fraudulent recognition of revenue," it said.
Enterasys, which was purchased by two private equity firms earlier this year, overstated its revenues by more than $11 million in the quarter ended September 1, 2001, the department said.
Enterasys shareholders lost $1.3 billion after disclosure of one of the fraudulent transactions and an investigation by the U.S. Securities and Exchange Commission, it said.
All four individuals are scheduled to be sentenced in March, the department said.
Other former Enterasys executives -- including former Chief Executive Henry Fiallo -- previously pleaded guilty to felony charges in connection with this scheme, it said. They are scheduled to be sentenced in April.