Averaged down after hours, and hope to see a small bounce tomorrow when shorts cover
I think I will probably sell half of my position and wait it out. If it drops more in the low 20s, I may pick up a few more. Unless they purposely released very conservative guidance due to the nature of the business, they may adjust upward in April when they hold their Investor day seminar, as they mentioned. You never know...
when you beat Q earning by 15%, beat yoy sales by 6% and have obama $$$$$'ers going into your industry. i would be a buyer today, not a seller. only 1.2 million shares traded after hours, only the shorts are moving around their shares. mutual fund longs are not selling.
OF course funds are not selling - check the insider transactions - they already did - to the tune of 35M shares last quarter. Research much ? That's one of the reason I have been going big on puts since $35 - tomorrow is big payday.