Tuesday, October 14, 2008

I'm out of MS for a tidy profit

Morgan Stanley shares were actually up over 80% at the end of the trading day yesterday, and were up big again today, as a certain Japanese bank thinks they're worth $25. I got the cue, hit my target, and sold for a 100% gain in less than a week. I am normally not a trader, but this one was too sweet to pass up.

I'll stick with my INTC position and scour for companies with dominant market share, plenty of cash, and a solid balance sheet. The market still has a lot of pain to endure over the next couple years, but there are bargains out there if you are looking for long-term value.

Good huntin'.

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