LONGING THE DOW+FTSE-MASSIVE RALLY AHEAD-part 5(run upto Xmas)

A smaller Enron?

14:55 ET ACLN (ASW) 8.13 -17.98: -- Update -- JP Morgan downgrades to Long Term BUY from Buy and cuts target to $45 from $70; says that

accounting allegations against company may be unfounded; adds that uncertainty has been compounded by company's action; JP Morgan also says that

company has not been buying back stock despite claiming $117 mln in cash and having a buyback program in place, and has been unable to contact

ASW's bank, BNP Paribas, regarding company's cash balances.

So, let me get this straight...the stock loses 65% in value just today alone and they are not buying back stock like they were supposed to. Hmmm...and they downgrade to a BUY still with a target of $45. LOL!! This is starting to smell like Enron where no one downgraded to sell until it was 50 cents. The warnings signs are obvious.

(Stock has fallen from $35 to $10 in the last week. Anyone fancy a risky but potentially profitable US short?)

Regards,
Ian