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  #1  
Old 09-17-2008, 05:25 PM
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Bought MS

bought a little MS @ 21 end of day today. Left for a few and came home to see hit 23+ on a rumor and promptly back down to 21.70.
I gotta learn to set the hail mary AH limit sell in this market. Took half off @ 21.70 (+0.70) and holding the other half to see if we can't get a bounce tomorrow.
MS actually had a nice quarter. They beat estimates, although I didn't catch the guidance. They were up to 32 or so after earnings until another bear day crushed that. I'd say it's a screaming buy at these levels in any other market but sharks in the water for any financial lately, regardless of the fundamentals.

Unfortunately wasn't around to trade the past two days throughout the day. CEG made some people very happy with 20-30 point swings on bear runs. Those are a gift that comes only a couple times a year if you can grab them, it's insane. Notice the bears went hunting for anything close to CEG and found SRE yesterday. SRE was forced to come out and say knock it off, we're not exposed to AIG, etc like CEG is. Bounced right back and ignored today.
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Old 09-18-2008, 07:32 AM
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Took the rest of MS off this morning even after just missing the open @ 23. These move so fast it's unreal.

Watch GS today also.
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Old 09-19-2008, 12:03 AM
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I love that fact that you were on MS like myself. We just had different strategies as far as when to buy but you have the right idea. I have been all over this one like a Hawk. This is definitely not a market now Goods to buy anything or short anything if you have to leave with all the volatility out there IMO. You will either get hammered or miss out on huge runs right now.
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Old 09-19-2008, 05:57 AM
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Yep, it's been driving me crazy seeing everything I've missed or watched profits turn to losses because I stepped out for 20 minutes after hours the past 3 days or so. It's sick.
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