You see this happen all the time with stocks that have been beaten down. It takes some time for confidence to be restored in them. But, then one day it will take off. Look at S today. That had sold off into the high 2's gradually. Finally up over 20% today.
define "good earnings", they manipulated their loss reserves in order to avoid insolvency, no one is buying that crap anymore, except some ignorant pumpers on this board, the debt is selling at 50 cents on the dollar, hardly a vote of confidence.