Ex15:26

After GE's Miss, Who’s Next?

I think the long-term trend is down as well, but would use caution.
I would be very careful making the statement that because they write these down, the stock goes down. What did we see the other day with the UBS disclosure? They wrote down $19 Billion and rallied! I am still short LEH, but I will tell you these rallies on bad news have tested my resolve and nerve. I am glad that I have a written trading plan for my positions that state why I'm in the trade and what is my threshold for loss, just so I don't lose my nerve.