2nd Q EPS came in at $2.11 per share versus $1.75 last years 2nd Q and beat the estimate of $1.62 by $.49 per share this is clearly a great Quarter and the earnings for the first six months came in at $4.01 per share translates into over $8.00 per share on an annual basis rate. Yes, $70.00 per share is where this stock should be headed.
Shorts knocking it down scaring the weak hands off before covering on the dip and selling for profit. They beat on revenue for the 1st six months year over year, this will go higher, games will be played along the way thats how the game is played. Believe me I have seen great reports get hammered several times - usually the next day reality sets in and they go up based on the fundamentals.