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Thursday, March 24, 2011

EBIX

EBIX briefly hit a new high this morning, and looked like it might be on the verge of a breakout attempt, when, at just before 2 pm, and article appeared on Seeking Alpha which raised several questions about the stock and came just short of calling it a fraud. his is the latest in a long line of high flying stocks (FUQI, RINO, CSKI, and numerous others) that have been involved in allegations about phony financials. I have had (and still have some) many of these on the earnings list. My attitude is, if I smell a rat, I shoot first and ask questions later. There may be a pretty high turnover on this quarter's update.


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