Have you considered that some of us here are just traders and couldn't care less whether its up or down because it just creates an opportunity to buy again when it goes down, only to ride it up and sell. Rinse and repeat. I've traded this stock at least 30 times over the past few years.
Earnings certainly were not great but the sell off in the stock has been minor so far this morning. I expected a much deeper correction to the tune of 3% or more. Perhaps that will still come but so far the stock is holding up well.
With silver and gold prices expected to rally into the second half of the year I personally would not be short any of the miners or much less the streamers. Sure there could be another down leg but IMO the risk at this point of much more weighted to the upside.
1. The dividend cut is never a good sign and that comes from the action of management not what they may say in an earnings converence call. That is their expectation of future earnings.
2. The trading day is not over.
3. Expections of a future rise in gold and silver prices? Just like it was expected that silver would drop from $50 to below $20 an ounce. Your thesis is very flawed, you may want to rethink your position.