The stock has fallen $27 since I first flagged a 1224.45 correction target a week ago. If you were short for any of it, reverse the position near the target and use your gains to cushion a stop-loss for longs initiated there. I’ll also suggest — to all — that you position for a possible ‘Jackpot Trade’ with a laid-back bid for Sep 5 1250 calls if they should trade for under 1.00 today (Thursday) with PCLN 1224.45 or higher.  This order should be considered VERY time-sensitive, since the calls will be fading fast if they look like non-performers in the last two hours of the day. I’ll be in the chat room to provide timely guidance in any event. ______ UPDATE (Sep 4, 10:25 p.m. EDT):  The stock continued to look like hell, although some subscribers ended the day retaining a call position that has a chance of performing if PCLN opens on Friday with its well-accustomed head-fake. ______ UPDATE (Sep 7, 10:25 p.m.): The stock opened on a gap lower and continued to sink, rendering our calls instantly worthless.