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Parlux Fragrance (NASDAQ:PARL) is currently down 13% because of a downgrade by Wedbush Morgan due to poor visibility on their Paris Hilton perfumes.

One has to wonder why they would do this the day of the earnings, before the earnings have even been announced? Why not wait until after the earnings?

The whole thing smells wrong on behalf of Wedbush, and this could be a great buying opportunity

PARL 1-yr chart:

PARL 1-yr chart

DISCLOSURE: I may be long the stocks mentioned above for myself and clients. This is not a recommendation to buy or sell any security.

Source: Timing of Wedbush Morgan's Parlux Fragrance Downgrade Smells Fishy (PARL)