i shorted at 44.50, covered at 43.30, saw the huge support at 43.00, bided my time, bought at 43.12, and now up it goes. hopefully it will close at 45.00 today.
20% haircut on an earning BEAT. and outlook is TO GROW NEXT YEAR only at a pace down 10% from analyst views.
no reason for a 20% decline. MAYBE 10%. but again, on an earning BEAT i think a 5% haircut is more like it (for a mixed bad earnings)
remember, they are GROWING earnings at 6%-10%. that's 10% on top of an existing earnings BEAT!!!!