I was a day early and gave up some further gains in MDR and SD but the sell the news reaction is in full effect. I am remaining patient but will pick at a few starters in some of my favorites should entry arise. The S&P doesn't have support until 825 so I would be cautious. One I grabbed a starter in is PCX. Had much better than expected earnings and jumped up 10% before being hammered with the overall market. I guess due to the fact they closed some mines and lower guidance...is that not priced in?? I think this is more panic on a down 300 day so I will see if I can capitalize on it. In some PCX at 5.20.
1:25 pm add more PCX at 5.01
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