Why is everyone over reacting and acting as if the sky is falling? We held the 20-day SMA very nicely, and had a modest 5%-10% drop from the ATH, (after having made new ATH almost every day for 10 days).
Lets be calm, even if it drops another $20, that still means we are only 20% from the ATH. Great place to buy. the 20-day SMA is at $175, I'll be looking to load up then, and then the Bollinger bands show the lower part of the drop-off at $155. If it hits $155 I'm going to just go nuts, sell everything I can, and put it all into short-term calls, because that's an impossible gift! We are about 1 month away from the 3Q results.
People just need to stay calm instead of over-reacting to the drop to $180. It wasn't too long ago that this was a new ATH. We have been saying on this board that the dip was long due, and that it would be a great place to enter.
IMH if we don't bounce back tomorrow, we could see a slow down drift/flat trading till the end of the week, in which case I'll be loading up on Friday as the IV comes down on options because next week we are going to start another epic $30 run in anticipation of Q3.