Looking at the day's range it appears my price was the bottom for the day!
This will leave the fund with one position of serious girth, F5 Networks (FFIV) - longer term readers might recall the day the market bottomed (or the previous day?) in February '10 the last 3 of my material long positions all were stopped out. Not saying it's the same situation now but we're seeing a lot of stocks break key (50 day) support.
p.s. I plan (i.e. I am selling into the close) to sell the SPY puts I put on earlier in the afternoon into the close, not because I think the market is going up but I hate the premarket markup which can ruin a position for no good reason. NAV for fund should be near all time highs at the close today, so after a struggle about 3-4 weeks ago, the past 2 weeks have been a positive - especially relative to the market.
We still need to (a) retest recent lows and (b) have a very ugly morning of panic - to put in a more believable bottom but with the premarket games of "mark up" it is hard to get this to happen. I nice -2% premarket would actually be much more constructive to wash out the people we need washed out.
Long both names mentioned in fund; no personal position
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