PETM lost its CFO recently and replaced him as announced today with a person who had a long experience with Sara Lee but then spent only about one year at her next job with Timberline and even less time at her next job at a private [non- public] co that manufactures the Weber grills. It seems like the quality of the new management [after Phil may be going downhill.
I know why, it hit gap fill resistance and pulled back. Looking at the trading action today it should bounce tomorrow. The best case scenario is for the stock to consolidate in a channel with today being the bottom, so the next short will be at the same gap fill area if it happens before earnings.