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Strategies & Market Trends : Longer term short term day trades. -- Ignore unavailable to you. Want to Upgrade?

To: CusterInvestor who wrote (620)	6/17/2020 2:45:04 PM
From: Steve Felix	Respond to of 1934

Perfect short timing with insider sales yesterday. Hard to believe the big boys didn't check everything out on the last short article, but then nobody was checking on Madoff either. I am probably all wet, but a double off todays low won't surprise me over the next two years. Of course, now we have an unnamed third party: Investigation Findings: Prescient Point called for regulators to investigate Enphase’s accounting practices and claimed a third-party investigation of Enphase’s India business revealed the following troubling findings: Enphase is allegedly using an India-based team to carry out accounting fraud. Nearly all of the former Enphase employees the investigator interviewed claimed the company was fabricating financial numbers. At least one former Enphase distributor in India terminated its relationship with the company due to concerns over potentially fraudulently inflated invoices. Employee turnover in Enphase’s Bangalore office is an extremely high 70%, which Prescient Point attributes in part to Enphase’s accounting practices. I might lose a lot of money. I hope it is as much as last time: In lieu of a price target, Prescience Point predicted the Enphase shares will eventually be delisted.