MORGAN STANLEY - MS
Monthly chart shows bearish gartley butterfly pattern in play. 07 Nov 60.00 puts - last bid $3.00 for 58% return so far; 08 Jan 60.00 puts - last bid $ 5.30 for 56% return so far.
Daily chart shows sellers gapping down the price at the open on Thursday in their haste to get out of the stock. Sellers continued to sell on Friday, where they found short term support off the $56-57 level. Look for possible consolidation before continuation lower.
Saturday, November 03, 2007
MS Update for 11.03.2007
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