Go back and read my post of 23 hours ago. It begins "I have a different take on earnings....which might explain todays action". In this post, I make mention that Tuesday's activity was orchestrated by "people in the know".....who clearly knew where the earnings #'s were coming in at. And this thing has played out EXACTLY as I called it.
Right now, many folks are thinking...."what the F*** just happened?"....FB beats estimates and drops in after hours trading.
The current drop is a fake-out, designed to fake mom & pop holders out of their shares so the bigger players can #$%$ 'em up cheap. But, as history has shown us time and time again, mom & pop have a pretty strong grip. Oh, and guess what, the earnings numbers are pretty damn good to boot. This might be down some out of the gate, but not for long. I see it north of $31 by the end of the day.