Look at Morgan, ticker MS, and run for cover.
Rumors are swirling and doing so in grandiose fashion.
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Joined Nov 10, 2007
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FAZmobile!!!
DO THE HUGH, via TLT
FUCK YES
The Fly Bottom…
Please! You lost all your credibility three years ago!
lol. Good memory.
STEP UP TO THE PLATE SON.
Indued….your post marked the low in MS for the day. I will be back in size —
LM biggest shareholder of EK
STEC and ARO have both done quite well this week, even with the crappy tapes we’ve been having. Wonder what’s going on with these two.
somebody hacked into the BofA website because they were pissed off about getting charged $5/mo for debit fees
R O F L M A O
Fly, good thing you pulled all your money out of the bank.
TIMBERRRRRR
October too soon for Santa Clause rally to save the year?
reggie middleton has bee all over MS for some time … dude is good
Reggae missed the last two years…
Blind squirrel theory…
TROW’s portfolios are getting HAMMERED
If only the government would stay out of Morgan Stanley’s way. MS would thrive, and we’d all benefit.
Morgan Stanley disgorges profit in utility scam
2:33 pm ET 09/30/2011 – MarketWatch Pulse News Bullet
CHICAGO (MarketWatch) — The U.S. Department of Justice on Friday announced that Morgan Stanley will disgorge $4.8 million in profit it racked up for its part in a scheme that restrained competition in the New York City electricity market, bilking consumers into paying higher utility prices. Morgan had entered into a deal with KeySpan Corporation that executed a financial derivative for capacity in the city while simultaneously entering into an offsetting derivative with Astoria Generating, KeySpan’s largest competitor in the market. “The agreements effectively transferred to KeySpan a financial interest in Astoria’s capacity, thereby ensuring that KeySpan would withhold substantial output from the capacity market and increase prices,” the department said. “This settlement with a major financial institution will signal to the financial services community that use of derivatives for anticompetitive ends will not be tolerated,” said Sharis Pozen, acting assistant attorney general in charge of the Antitrust Division. The department had previously cut a deal with KeySpan that required it to disgorge $12 million.
Maybe they should not be making deals like that. I suspect they settled to make the problem go away. $4.8 mil is less than attorney’s fees.
just spent the last 25 minutes looking at their options chain. in the money puts
Lots of activity for MS $10/$8 Oct. Puts.
Anybody watching CMG? Strong compared to everything else.
MS has more than electrical schemes lurking. The old mortgage backed securities gig is moving into Act III. And then the finale, curtain drops and let the contagion begin.
I stepped up.
Bought some BAC @6.18 for at least a one day swing trade.
MS loss is actually a Merrill gain?
I smell some motherfucking sulfur in the air.
So I’m not the only sucker…thank God!
BAC might actually take a back seat to MS in news headlines. Buying more at $6.01 if I should be so fortunate…haha!