Right, stocks go down after earnings all the time, even when earnings are good, because investors want to capture some of that value. There is often a pop a day

Right, stocks go down after earnings all the time, even when earnings are good, because investors want to capture some of that value. There is often a pop a day or so later, but it's not so simple to time. And given the relatively low amounts we're talking about in this case, even a perfectly-timed trade not be as beneficial since it is going to likely be behind those who are making the same trade in larger volumes at the same time.