Hi Mike,
Don't know 'bout SI -- just tried to check after market closed and get zip. Hope it's temporary, but if not, we'll see if the gang gathers here I guess. EDIT: Seems to be back now.
What a day, no? I have got to get back to shorting strategies. Sold CBST for .5 this AM, would have been a good short.
PD of the day, PNC - would feel great about getting nearly 7 points from it on the bounce, I don't generally play NYSE issues, but I held several K of PNC prior to today so it's always on a screen in QT. I can be a bit sanguine about the drop as those LT shares are what remain from a purchase of 5000 MIDL back in fall of 1990 (other shares I've sold over the years), PNC took over MIDL in a buyout of 2.1 for 1 and my cost basis in those PNC shares is well under $5. LT net on the PNC, I'm well in the black, but, my equity curve for that account certainly took a hit today.
PD's have otherwise been working well - bought NSIT today at 12, sold 1/2 the position for +1.5. Sold the $21 SBUX this for .55, but still in other position and DROOY (testing my patience). QFAB another PD I didn't play started back today - might be more of a shoe drop really. Yesterday NOVN was a great PD - tho I didn't play it either - today it dropped, a characteristic of PDs that have a strong bounce on day 1 - Shorting PNC might be a possibility tomorrow. BAX would have been a good day 1 PD reverse, and possible short tomorrow.
Hope all doing well.
Peace and Justice --- Patrick
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