First off, I am truly sorry that comment entry is down right now. It probably is related to our latest attempt to destroy the nettlesome disappearing comments bug, which is the bane of my existence (besides the FOMC, of course). Hang in there. We’ll get it back. It isn’t you. It’s me. It’ll probably be offline for a few hours until I get the engineering attention I need on it.
Here’s an interesting wipeout from this morning: Cirrus Logic (CRUS) which is down about 13%.
All it took was a rumor that Apple might not be using the CRUS chip in the iPhone anymore. I’d like to think the damage done to its lifetime uptrend was an early distant warning of trouble ahead. This thing was at its highest point in history only days ago.
For my own portfolio, I’m actually having a decent day, although I’m finding the bounce-from-the-lows right now kind of annoying. (I’d prefer a steady slide to, I dunno, like 700 on the S&P or something like that). I’m in 25 positions, down to 5.2% cash, and have no options with fewer than 100 days of life left.
