MS

MS - I did not reach my target price area for entry. Wow, what a miss.

MS got down to $24.73 which would have been good enough after the fact. Maybe next time.

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.

MS

MS has tracked back up to the daily trend line. It broke the trend last week and I missed the trade. It might be setting up for another chance at a short. Just watch your smaller charts for signs of weakening and possibly short the stock. Stress test results next week could make MS very volatile. Keep that in mind. You can by calls for protection relatively cheap so you can sleep at night.

The $26-$27 area is resistance with 3 tests in the last 2 months or so. Stop out at $28 if the short goes against you because it could breakout from there.