Thursday, January 29, 2009

Getting Short Morgan Stanley - MS


I want to state up front that I am aware that Jim Cramer, he of CNBC's Mad Money, yesterday said Morgan Stanley could double from here. I also realize Ken Heebner mutual fund guru extraordinaire, loves Morgan Stanley as well. I have confidence that John Mack, who runs MS is no different than Fuld, Thain and rest of the choir boyz on Wall St.

That being said, I still need to get short 1 unit here of Morgan Stanley, ticker MS, at $21.75 with a stop at $23.82


Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 2 units Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $89.80
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $66.15
Long 1 unit Ultrashort Real Estate ticker SRS @ $51.30 stop @ $47.18
Short 1 unit Darden ticker DRI @ $27.70 stop @ $28.70
Short 1 unit Wells Fargo ticker WFC @ $20.20 stop @ $22.43
Short 1 unit JP Morgan ticker JPM @ $27.35 stop @ $29.54
Short 2 units of Apollo ticker APOL @ $83.40 stop @ $86.31
Short 1 unit Morgan Stanley ticker MS @ $21.65 stop @ $23.82

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