Margin Call Averted...For Now

It just doesn't get much closer than that! I had a scheduled margin call today with Think or Swim @3pm. I was told I could either A:) add funds to bring the account to positive, B:) liquidate positions to bring the account to positive, or C:) Take market action (trade) to bring my account to positive. By holding all my positions, I essentially chose option C. If today hadn't have been the tank it turned out to be, I my friends would have been SOL (and no, that's not a ticker symbol). Behold LULU, the main reason for the margin call (and what kept me from being liquidated today):

I'll see this trade through, but what a waste of time- not to mention missed opportunities like DFR (a stock that actually meets my strategy's criteria). Do I think LULU is headed back down? Yes. Do I think my initial resistance 'guess' could end up being support (thus making it difficult to cover for a profit)? Yes. Have I learned my lesson? Which one? Um...Yes. YES!! UNCLE!

Praying for discipline,

Evan

ps- PALM was up today (lovely- can the PRE phone just come out already so people can 'sell the news'). FAZ is rocking again, now that people are realizing the banks and financial sector may still be in trouble (big surprise).