Trades for 17th December,2012

Trade  1

Short PAY                      From our watch list.

                                      Entry  29.36/ Stop 29.50

                                      Target  1    29.20                    1/2 +.15
                                      Target  2    29.00                    1/4 +.26
                                      Lowered  stop to   29.10        stopped 1/4  +.26


Trade 2

Short PNC                From our watch list.

                                 Entry    56.40 /Stop 56.50

                                 We covered our position for a -.02 loss.

                               This is infact a trade that we should've taken long, when it gapped up at open.
                               It gave numerous long entries.But  our short bias kept us from entering the
                               long side.