Yet another market lesson learned here.. Once again just when you think you have things figured out the market teaches you another lesson...this one happens to be in the future don't buy any new companies until they put in a minimum of 1 year worth of reporting financials....just too risky with no prior TA bottoms to protect against exactly what happened with PSN. One lesson I did learn was to be diversified and not owning more than 5 % of my portfolio in any one name.