CS...saw this one turning about two weeks ago, didn't we?! Still holding core position at least into 30's.
Took trading position profits today on Q, GBLX, NT, NXTL, HLTH to reduce exposure (and pay for remodeling materials!).
Hard lesson relearned one more time: Threw in the towel on BEBE for a 1 pt loss AFTER watching a 4 pt gain evaporate (just when I was beginning to think I was pretty smart!).
Still fully loaded on LPTHA, JNIC, IAAC, AOL (ouch), LU, OMKT, NTRO, WFII (ouch again), RSAS (double ouch but very low cost basis).
Watching/Waiting to re-enter: NETP, ELON, SBAS, CMGI, ICGE, CSCO. All may need a few days to a few weeks (or more). Charts, stochastics and tea leaves will be my guide; Jack Daniels will be my c-c-courage!
This market is getting tougher to play again; keep some powder dry for bargain hunting once the fear-mongers get out of the way---MK---
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