Wednesday, April 27, 2005

Plantronics (NYSE:PLT) has imploded today, down almost 14%. Good things happen to those who wait. Cover half of the position today at about a $12 profit. High downside volume days with news are the best days to cover. You feel just like Eddie Murphy and Dan Akroyd at the end of the movie "Trading Places" when they were able to pick and choose which decimated commodities traders to buy from.