Hey you short bozo, people buy when they think they are getting a good deal.
By the way, the fact that earnings are going t be abismal is no secret, so betting on the stock going down on Wednesday may not necessarily be the right bet. Even if the headline number is bad, what if the company says it is going to buy back stock hand over first? The stock would rally bigtime as you are covering your posterior.
The regulators haven't dissapeared and they are not going to go away anytime soon. MXT had best be real carefull what it does while it is under observation for potential takeover. Remember, they have issued insured CD's and the regulators are not going to want to eat them.