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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: 1-DAY-TRADER who wrote (57821)7/7/2000 2:08:08 AM
From: Oleg Sogolov  Read Replies (3) | Respond to of 122087
 
Anyone has thoughts on shorting ENC? Hyped up on Harry Potter licensing deal. Reminds me a lot of the Pokemon frenzy of several months ago. I briefly glanced at their profile and news section and here what I've gathered so far:

1. Sales slipped over 20% from last quarter.
2. CEO resigned 2 weeks ago.
3. Announced a company acquisition which was quickly dropped due to lack of financing.
4. Cash dividend and stock repurchase program stopped according to their last SEC filing.
5. Harry Potter deal is not to start until this fall.

Anyone interested?