This is almost where my head is thinking. I had looked at the last 14 earnings announcements and price action, and the two times there was almost no reaction, the stock stagnated for about a month, but eventually it took off back up.
I was actually hoping it would drop $8-10 so I could just buy the stock and watch it go to $118 versus buying way overpriced options (even the spread I was thinking about doing sucked), but now I'm going to see how it reacts in the morning.
I'll probably buy off a short-term resistance point on a momentum trade, but if it drops below $92, we could see $88, and then $80. Wish that darn crystal ball wasn't fogged up all the time. :)