What did he do wrong? I find that a bizzare question and assumed you were joking when you posted it-but I guess not.
Thursday afternoon, after a dozen consecutive daily highs for the stock, on NO NEWS, the stock was off more than a dollar on an upday for all markets.
On the very next day, Friday, with more up markets, again on NO NEWS, the stock plummeted more than $2.00.
NO NEWS ALL WEEKEND yet on Monday BEFORE the 9:05 release of the report, the stock was plummeting more than $3.50 and then the rest is history.
Are you joking with your question? It's not the report-he can have his opinion-that's what life is all about. What he can't do is participate in market manipulation. The trading results lead to a rather inescapable conclusion. The stock got pummeled and the word was out DAYS before the report was released. It was a "put up" job and he was at the center of it. The SEC has been notified, as has the Compliance Office at PJ-let the heads roll!