My model predicted 62 as the next support level. When a high-growth/high-multiple stock disappoints like this, the outcome is always the same... the slide down continues for a few quarters. In such situations, your first-loss taken quickly as a long is your best loss... as the street ignores it for a while then, and moves on to other more promising prospects. e.g. on the long side: take a look at NOK, BBY, BVSN etc. deeply oversold issues. SBUX, EBAY and VMW are extremely overbought presently and are sells.