You hit it on the head. I was nibbling today near the lows and mid $50's but you hit the nail right on the head. 14 times the average volume and over $16 down in two days (at the low) this may have been the flush. If there is more down next week I'll nibble some more. Other than the EPS the other numbers were pretty good that's why this may be an over shoot in the near-term.
Many times when a stock gets hit hard like this it can baseline for days.weeks before deciding where to go next.........lower or recover. Its seldom prudent to attempot to catch a bottom on these decline. Certainly at times it has been profitable. I play the average senario and tend to be cautious.