there are probably more sellers than buyers right now as investors take some profits. the stock has had a good move over the last six months (up 20% while the S&P 500 is up about 3%) and investors may be a little hesitant to hold going into next qtr's earnings.
mgmt has talked about increasing expenses in light of the recent increases in revenue. the stock was definitely a buy as the firm held expenses at bare minimum's and experienced revenue growth at the same time (all of 2010). now, it is possible that expenses will grow at a higher pace than revenue - at least in the short term (say 6 months).
the stock is not going to retest the 09 lows. they don't have a debt problem. that was solved long ago. it is just a question of managing their variable expense base against the revenue they generate. hopefully mgmt won't blow to much $$ and the stock and get back to recent highs.
for Q2 2011, mgmt needs to report an increase over the 1.2bn in revenue from Q2 2010 and Q3 2010. 1.4bn would be nice. 1.2bn would be poor. 1.3bn probably won't get people excited.