Imagine a stock beats earnings, trading at low end of range of 31 to 45. Do they believe mangement is lying. I guess so. Imagine buying after earnings release and down 5%, no volume. CSCO gets downgrade and unchanged.
I undertand exactly what you are saying. Let's see how the afternoon play out. A lot can happen in the last hour. Stil holding my april 34 puts. Should have unloaded them earlier in the day but got piggish. I am counting on a reversal and heavy move lower during lunch.
buy some 34 puts right here. looking for a close of 33.25. you'll double your money in a few hours. i agree this stock has hit major selling pressure a 33.65. if the naz tanks this afternoon, 33 is not out of the question.