This market has been relentlessly depressing. NASDAQ is down over 22% since October 31, 2007. But we can not stand it anymore. We are taking the 40% profit from the Optio takeover announced this week and putting an additional $10,000 into each of PDLI, BDAY and PARL. The adjusted average buy prices for these will be:

BDAY–$6.15
PDLI–$14.15
PARL–$4.14

The reaction to the PDLI news this week that they are not selling the company was crazy in our opinion, but anything less that great news seems to warrant a 30% haircut in this market.