Aceto Corporation (NASDAQ:ACET) released 2014Q2 earnings data after the closing bell on February 6, and held its conference call on February 7. Soon after trading commenced that Friday morning, Aceto put out a press release stating that media outlets were misreporting that the company missed the consensus estimate for revenue by $30.5 million when, in fact, revenue was only $2.7 million below expectations. That news didn’t help the stock. After trading to an intraday low of $17.51, on over four times average daily trading volume, the shares closed down to $17.79 (-11.76%).
ACET was saying “buy me, buy me” when it dipped to $17.51 on 2/7, but I’ve been burned before buying a post-earnings sell-off too soon, only...
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