I don't think that is the case. It was overbought before the earnings and thats why going down because of the profit-taking. ATPG didn't show great results either, so its going down by 35-40% is obvious.
Folks are getting wise to this stock. I think even phoenix investor and swizzledxx are waking up to the fact that things are not looking good here. I think they are reluctant to admit it, but a little common sense tell us this company has some big problems.