10/26/2009 Sell 1/1 Fairpoint Communications (FRP) @ USD0.214 New York Stock Exchange

Completed liquidating FRP. Sad story of today. It may bounce, no doubt about that, but I follow the rule - when BK Ch 11 is anounced we are out regardless. We don't use stop losses, as you remember. BK is our stop loss. So today is that day for FRP.