Fast money types go long huge into earnings hoping for a big pop. When they did not get it, they dumped. That sets off stop loss orders. It will recover. The numbers were very good. This is an excellent company with a great deal of long term potential. Investors will be well rewarded.
J&J thinks $12.50 is a good price. Why is it selling at 9 bucks? Seems to me there might be 50 cents on the downside from here and at least $3 on the upside if you buy it here. 6 to1 risk reward is pretty good, no?