Hangin on by a thread

Closed out the PDLI trade today. No good reason behind it. It made a nice little move and it may have gone even higher into 25-26 range if I had given it another week or so. Sold it at 22 and netted about $150. No biggy. I think that is part of the problem - the position moved so little when compare to my options positions that it was almost like holdig cash.

On that note my short positions in the banks are getting annihilated toda with all the stocks - re: FHN,LEND, and MTG hitting new highs. Just wait until end of the week though baby and we will see who has the last laugh. GGC is holding up admirably and has not had the expected retracement to 29-30 yet.

-BG