My gut is this is just the market breaking thru resistance to the downside, major companies took incredible haircuts today. We are going to test the lows from Jan, if we drop below those lows were all of to the races on the downsides by 10-15 percent. IDCC is going along for the ride, BUT march 24 and the hopeful good report will allow us to hopefully buck the wider market if we only have a recession, if more than recession we are all screwed anyway and only gold, cash and a gun will save you. BTW I have hedged position with puts for first time ever