Monday, July 24, 2006

Weekend Follies July 22-23

The following stocks release information at odd-ball hours over the weekend when investors are typically not looking at their screens. Basically they are sneaking news out and hoping to call it disclosure. The culprits are ICICI Bank (NYSE:IBN),
Connetics Corporation (Nasdaq:CNCT), Nanometrics (Nasdaq:NANO), Schnitzer Steel Industries(Nasdaq:SCHN)previously reported in this blog for inadequate financial reporting and PHH Corporation (NYSE:PHH)who announced that their financial reporting for the past four to five years is unreliable.