Beef - I have seen a lot of drops like this scenerio where they bounce back quickly - the ferocity of this one though seems like it is unlikely. It is as if management stuck a knife in their shareholders back - I feel this way but am hoping they have a reason.
Unless we get some kind of clarification I doubt we are moving back to 16 for a while. This seems to be over reacting unless their is something I don't know. I don't know if I could hold off buying if we go to 14. (general rule don't buy falling knives) The odds are with us that we will get some kind of a retracement - but the best we would do would be 50% of what we lost today - but even as I write this it falls more. Hate giving back profits this fast.