Bookkeeping: Restarting Millicom Cellular (MICC)

When last we left Millicom Cellular (MICC) in early April we had a nearly $100 stock [Apr 8: Closing Millicom Cellular] The stock ran up after we sold to $120 but about a week ago Monday was back to exactly where we sold (did I mention this is not a buy and hold market?) But after an earnings miss a week ago Tuesday, the company has traded down to low $70s during a violent sell off.

• Shares of Millicom International Cellular SA declined sharply Tuesday after the Luxembourg-based wireless carrier reported second-quarter sales and profits that failed to meet Wall Street expectations.
• Millicom shares fell $22.02, or 22.6 percent, to close at $75.48.
• The company said earnings rose to $1.22 per share, up from 98 cents per share in the year-ago period. Revenue jumped 37 percent to $843 million, up from $613 million.
• However, analysts polled by Thomson Financial expected, o