What a day. I have been day-trading almost full-time for the better part of a year, and I really cannot remember a stock acting so strong. Ever since the day after Morgan Stanley came out with their report, they have been continually at the top bid, buying every share available. For the past three days, this stock has barely wiggled down. It is not like the internet stocks which go way up AND way down during the day, our baby has basically gone straight up.
In addition to my regular stash, I bought 2000 to day trade around 20. The stock looked so strong though, that I didn't day trade it. I sold 1000 at 23 7/8, then bought it back at 21 1/8. I almost sold some late yesterday, but Morgan Stanley has had a voracious appetite for the stuff, so I decided to hang on. Good thing I did.
I think that most of the holders now realize that we are beginning Curly's revenge, and no one is selling. It sure feels good. Jay |
