Stock pick after Easter

Hello,


I am following a stock called China Grentech Corporation Limited. It is traded in Nasdaq.
Company's business: network optimization, RF technology products, wireless communication systems.
The main reason that caught my eyes on this stock is the price killing activity recently.
Stock markets seems to cast out this stock totally, and I am looking forward to the moment the stock price starts climbing higher.
Just a 1-2 weeks ago it was traded at 4 USD level, and currently it is traded at the range of 2,83-3,01 USD.
The reason for price decline might be the press release before Easter that basically gives the information on decreased revenues. However, the outlook for the industry is getting brighter and now it is not time to watch back but to look ahead and start to discount the future cashflows as the economy is slowly starting to grow. The company strong in China - one of the largest markets in the world - which is a positive thing for the future cashflows.
There is a lot of positive information in the press release, for example, the R&D is made more efficient and the cost declines in this area.

The stock markets are beating too hard that particular stock and as the mainstream will refind the stock it will be too late to pick up it.. Perhaps I will buy some at these low prices....?