Below is a three month price history chart comparing the stock performance of WIRE, versus GE and SI.

FORBES: See How Encore Wire Corp. Ranks Among Analysts' Top Picks With Strong Buyback Activity

Several wire service reports blame weakness in the stock today on bearish commentary on the stock from J.

FORBES: ARM Holdings Shares Tumble On Worries Over Non-Apple Tablets

David Miller was nabbed by the Federal Bureau of Investigation in connection with the fraudulent stock purchase, and was charged with wire fraud, according to Bloomberg.

FORBES: The Great Apple $1 Billion Stock Fraud

But in March 2005 USA Today reported on Langley's sordid past: In 1999 he had pleaded guilty to conspiracy to commit wire fraud and commercial bribery in connection with a penny stock called Pollution Controls International.

FORBES: On The Cover/Top Stories

The stock fell off a cliff as the report hit the wire, falling all the way to 52 cents before moving back up to 62 cents by the closing bell.

FORBES: Patriot Coal Files For Bankruptcy, Secures $802M In Financing

Following a weekend e-mail spam campaign proclaiming "huge news expected out on APPM, get in before the wire", trading on the following Monday reached 484, 568 shares, pushing the stock to more than 19 cents a share.

BBC: Last Updated: Friday, 9 March 2007, 11:00 GMT