Tue, Jan 27, 2015, 3:03 PM EST - U.S. Markets close in 57 mins.

Recent

% | $
Quotes you view appear here for quick access.

Ebix Inc. Message Board

  • fastmoneypete fastmoneypete Jun 20, 2013 11:10 AM Flag

    PPS was on the launchpad @ $5.90 at the start of the alleged impropriety (FY09-current)

    Reading through the original Copperfield report, if the allegations prove correct and massive accounting fraud was perpetrated from FY09 thru current, the implication is profound - as share price appreciation over the past 4 years (prior to today's merger termination) would imply the meteoric rise in PPS to $20 was buoyed by pure air. That said, anyone shorting at these levels face significant risk of a parabolic reversal should the accusations prove to be false. Likewise, anyone going long at these levels could see further PPS deterioration to pre-2010 levels should the accusations prove true.
    JMHO, neither long or short.

 
EBIX
22.735-0.805(-3.42%)3:01 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.