action 02-05-2008

Action :  short fmcn
source :  IBD 100 deletion
market:  long term downtrend, and big drop today.
technical: fmcn is at the verge of broken down.
results : positive

basic:  the market drop with ism service report, the fmcn was at the verge of break down but showed a little strength, we short based on:
   market is down and fmcn cannot hold
   IBD 100 deletion will have impact on the stock for sure.

lesson.  at today's envirnoment, we should cash in at the end of the market instead on middle.