The company beats earnings expectations and is being wiped out. Is this just the usual pattern of a closely-held, thinly-traded stock being dumped by insiders? Or is it that in this market companies that make money are trashed while companies that don't (AMZN, AOL, XCIT...) are bid into the stratosphere?
They had an earnings increase of 11% and their new razor, the Mach 3, has exceeded sales expectations before the big advertising campaign. But....one analyst at Merrel Lynch didn't like them and lowered their rating and the stock tanked 3 points. There is no figuring this market