MS

MS - Morgan Stanley is pricing a 146 million share secondary offering at $24. If you can buy MS at the low $24's, I think it is a buy. Sell when you are happy or sell some calls after the rise. Don't chase it though.

This post is contrary to the post I made several days ago on MS. Situations change. You as a trader should be fluid and dynamic with the market. I was looking for a short position on MS several days ago and now I am going long?!? Sometimes things change.

For the time being, the government is backing all the 19 stress test banks.

I will post if I get the chance to open a position.