I was lucky today....I did have JCP...JCP is a bastard when you're wrong. +4743 this AM, I risked at least that much to get there. I knew I wanted to short the open today, I even sold the S&P futures on the open, so why did I even bother buying equities? Sometimes I think we get so locked into a particular strategy that we forget we just need to focus on making money, and once in a while that means taking liquidity, not providing it. Even the market has been giving signs lately that OPG has not been great!
Let's hope that this is just a temporary lull, and not the beginning of the end.
Good trading to all!
Mike