No Bottom Yet

Every time you think it’s the bottom, the ditch seems to get bigger. I’m still doing some small trades here and there. I exited my position in Visa with a gain of 3.34%. You need plenty of ammunition on hand to take advantage of better opportunities. I added more Anheuser Bush as part of an arb play. I also initiated a position in Imclone Systems as another arb play. I did encounter one hiccup along the way; Landry’s Seafood got smacked up a bit in this credit mess. It doesn’t look like Landry’s will be bought out so it’s time to cut my losses on that one.