Chinese stocks CLNT, NEP and HRBN all told Bloomberg that they do not think they are misleading investors as they do use their US addresses to conduct business in the US while the SEC stated that these companies are not required to have US offices.

SYNM, PEIXD and ALAN are now cheaper but its never a good idea to chase stocks that make sudden price moves until the dust settles.

While bigger players in the wireless space such as Research In Motion are struggling, it may be time to look at eOn Communications Corporation, Alvarion Ltd (USA) and Globalstar Inc.