The good news is I had a plan and it was executed properly with stops in place.
The bad news is the plan sucked. With 3 days for folks to linger the financial news, I was banking on a gap up this morning. Instead we got a gap down. We know that fundamentally these banks are in horrible shape. But what we know doesn’t mean a thing if it doesn’t make us money. I didn’t want to be involved in the last hour of trading, so I’ll take my lumps now.