MS: A Great Second Day Play

The theme of the day is the “Second Day Play”.  Jtoma talked about it on Fast Money and now I will review the best Second Day Play from today.  Yesterday,  MS released earnings and traded in a 2 point range for the day between 22.50 and 24.50.  MS was behaving relatively weaker than the market yesterday afternoon.  When the market … Read More

Bottom in Place?

This last week was out of control. I wish there was a better way to describe it. The volatility seen in the financials, specifically GS and MS was just absolutely silly. I remember I jokingly said on our morning meeting last Monday that GS could go as low as $80 and MS to $10 (they were trading at $140 and … Read More