One Bad Apple

Most of the stocks I own did just fine last week but all it takes is one big loser to spoil the party.  OMN reported disappointing earnings and the stock tanked about 17% over the next two or three days.  That, along with my short position in the Russell 2000 was enough to turn my performance negative.  Interestingly, OMN did not fall off my screen - it actually moved higher.  So, at least for now, I continue to hold it.  Nothing is new as far as the market is concerned.  Valuation is horrible while sentiment is neutral and earnings expectations are still positive.  I continue to maintain a fully hedged position.