MM is dropping price based on a miss in earnings, they need to find the price level to fill bid and ask. 4th Qtr 2013 guidance and 2014 guidance is more important, but if institutions or large holders decide to unload based on flat guidance, it could visit 1280 again.
Lets see what management says, the improvement in life is a positive.
So its really not panic, its the MM setting price that's why its dangerous, depending on tomorrow the sp could spike or dive 12%+ based on guidance.
About 28m+ shares that need to be consolidated in a 2 week period...IMO