I had a feeling that Greenie might be the Grinch that stole Christmas. I sold every stock I had this morning when I figured the market was pricing in an immediate rate cut that was unlikely to come given the fact that Greenie is a bastard.
I tried to buy back some ILXO at the close but the MMs only gave me a lowly 200 shares @ $25 9/16. I guess that's okay, since the NASDAQ may well gap down tomorrow anyway.
Not only has Greenie's non-move today likely broken the NASDAQ's base-line support level, but ILXO's chart that looked excellent a couple days ago now looks like crap. Ho! Ho! Ho!
Thanks for your concern. Since I sold for over $28/share, however, it shouldn't be a problem getting back in for a profit. I'll be watching for the appropriate moment. On days like today, it is nice to have a 100% cash portfolio. While I may well miss the bottom on certain stocks, you can't go broke holding cash.
So far ILXO is holding up very well today. Lets see it the NASDAQ can stabilize now.