So, obviously the street was not satisfied with earnings. It is our general rule, spelled out clearly in our most recent Newsletter, to not hold sizable positions going into earnings. So, if you haven't already, please make sure to sign up for our Mailing List and receive this important, time sensitive information.
That being said, presently we're looking for an exit point on our remaining holdings. This zone will become more apparent as the day progresses. Clearly any move back into yesterday's range might prove a worthwhile place to get out.
The important message here is that we never do the "more-on"(moron) trade. That is, we don't buy just to average down UNLESS there's a good reason. More to follow!