I was in FIG before earnings and jumped out as soon as the crap hit the fan. Been in GALE, THLD, VRML, TBET,PSDV, ALIM and others since. I look to clear about 7-10 percent on a trade and then get out if it doesn't look good any more. My only "long stocks" right now are OCLS, CXM, IPAS and AIS (best Yahoo board I've ever found and one of the best stocks). I've become a momentum trader for about 30 percent of my portfolio. If something catastrophic happened with my long holds, I would cut them loose in a heartbeat too. I've learned my lessons the hard way. JMO for what it's worth.