On the previous 2 days of February earnings releases here is what happened:
2/14/2011--Daily Low--$8.10 High--$9.85 Close---$9.60
2/13/2012--Daily low---$8.18 High--$10.52 Close--$10.03
While it is very frustrating to watch the stock price try to move up only to be dragged down with small volume trades lately on almost a daily basis, given the performance of this stock on the previous 2 days of earnings releases in Feb., which have been remarkably similar, and the recent company announcements of new agreements and international alliances, these drops should be seen as an opportunity to cost average or establish new positions in anticipation(expectation) of a 3-peat occurring this year. I expect that management will report earnings that are either at the high end of their revised forecast or a surprising beat of the number along with an upbeat outlook for 2013 given the improving global and US economies, and strengthening of the Euro. We will find out in just 4 weeks.
The earnings warning was totally unexpected last time and due largely to "delayed orders". This has occurred in the past and the delayed orders always seem to come in and then be added to the next quarter's earnings to provide even better numbers the following quarter--or in this case--the Feb. report.