Len, I'm not sure that you still understand my post. you said:
The key point is this. The inability to break up a double down was not the issue yesterday or today with FRE. The issue is that you cannot double into a WC in the first place as you cannot have two WC units.
I never said anything about doubling down into the stock.
You are absolutely right that the stock could have gone down. However, I thought that one of the lessons that I learned on this great board is that when you don't know for sure what the heck a stock is going to do, if it has gone ballistic, the consensus of this board in the past has been to take some off the table. I was merely pointing out that our contest doesn't let us do what is preached on the motherboard. Now you changing your mind on not to sell half when you have a double today seems irrelevant as KIK pointed out. I understand that you don't want to be in the market and I am right behind you, but FRE and FNM are examples that some stocks do fly in lousy markets. I think that people holding these stocks would be crazy not to take some off the table and possibly put a stop loss on the remainder. That could be a real stop loss or a mental stop for those that don't want the MM to see their order.