I bought at 26 and will ride the "dead cat bounce" to 29 or 30 in a week. This gap will be filled. This is a great company that beat earnings and was honest about a coming slowdown in sales. It is still a possible acquisition target, and still growing under a solid management that is actively repurchasing shares and adding to eventual shareholder value. This is a blip.
It's not like they are fraudulent. Shorting this stock now is simply not a wise trading move. Who would buy a stock after a 20% gap up? So why would anyone short it if there were no real big glaring issues after a 20% gap-down? This is one of those rare gifts from Mr. Market, and smart traders will take advantage of it.
None of us know for sure, but this is a great gamble on the long side, and I forsee institutional monies (re)invested in the near future.