nokomis, actually, the selling has not "subsided". The downward momentum was broken by a strong technical bounce up, and retail folks stopped selling as much (ISLD), but FBCO, CIBC, MLCO are still unloading. I see this not just on LII, but quite a few big blocks selling were flying. This is a morning lull - the time to watch is from noon to 1:30 or so, and then we should watch the close (last 10 minutes). I'm trading this, but overall, I do think we are in the bottom area. However, let us note that at no point so far today has NITE turned positive, and it seems to have some problems staying above 55 (as I type this, MLCO is selling at 55 1/16).
Re: MCOM, I don't follow it closely enough to speak about it.
Good luck!
Morgan
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