RUN! NOT WALK

PJC

PJC announced its Q1/06 results and it was terrible. The conference call was even worse. The management sounded unenthusiastic, evasive and lack of confidence. What a difference a quarter would make! I made a mistake not to sell on the open and it went down by more than 10%. There is no sense to sell it now, I might as well hold it until next quarter and hopefully its results will improve somewhat from here. Oh, god, do I sound bad! ELOS and WCG are not working either. I am really depressed. In general, I found this kind of market is the most difficult to deal with because I really do not know what to do. If I sell everything, I would have lock in all losses. If I do not sell everything, I might lose what little remaining gain. Most of the time, I end up doing nothing and hoping the market turning around. What is the proper way to deal with this kind of market? How do pros deal with it? I wish I could learn from someone or somewhere.