I generally use longer time frames, at least 20 days/30 min charts, mostly 60 days and longer. You are correct that it sold into earnings, but just to support at ~ $61. The time frame to the $51 level cannot be predicted, just that there is a gap their to be filled. If you trade shorter term, you may catch a buck or two, but the pressure will be to return there, maybe this summer. Whether you look at a 6mo or 1 yr chart, it looks to head lower. There could be some support around $53.
I gather you agree the market is pressing it's highs and due for correction? The put/call ratio is worse everyday. Whether its war with Iran, gas prices, interest rate hikes, or trouble with illegals, we have plenty of triggers to knock the market down. Maybe "sell in May and go away" will work this year?
Just because you want to go down with the ship doesn't mean you should block the life rafts. This stock's going to fall another 10-15%....quickly. If you can't afford that, got out now.
Hey jerk off, only down $1.50, your still $3 over your contract. You'll be munching this one right back to your double wide. $70 by September and you'll be trading in your Vespa for a Schwinn. Stock is still up $27 in 6 months, I'll take that return any day. Go back to GOOG were they like you!
plus this is a rather poor conference call. The analysts are trying to help management out by getting them to be less dour about the outlook. They are being very conservative, seeing the downside to every positive data point. I have never listened to them before so maybe this is their m.o.