MS: Sold @ 31.10

I sold my position in Morgan Stanley [[MS]] in pre-market. Shares were bought last Thursday around $17, not bad for a few days work.

In other news, I plan to unload a few positions into this strength.

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GS, MS, & MSFT in the spotlight this morning

Piper raises numbers on AAPL

Upgrades/Downgrades

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Look, I could easily come out here and draw a few lines on a chart of the S&P 500, I could even draw a few lines on some stocks I’m waiting to breakout/breakdown.

But, I won’t.

Why? Because the rules have changed. Going through my financial sites it seems everyone has a different opinion as to what the outcome will be. No one knows for sure what will happen and I will not pretend I do.

I do, however, feel a lot of risk was taken out of the market last Thursday. Now I am in no way saying it’s straight up from here, but I do believe you can nibble on a few stocks.

Running through a few of my screens it’s hard to find that price pattern I look for. I’m sitting here asking myself, what’s next? Where is my next trade?

I’m currently struggling with that answer.

With that in mind, I will most likely sit on my hands this upcoming week and wait for the trade to come to me.

_________________________________

Here are the results from the weekend poll:

Will we see new lows in 2008? [133 votes total]
No (54)	41%
Yes (79)	59%

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There is nothing better than LSU football. Today’s game lived up to the hype and was reminiscent of last year’s matchup. Les Miles is an animal, Deja vu.

2008:

[youtube:http://www.youtube.com/watch?v=MG3Lz9qLy9E 450 300]

2007:

[youtube:http://www.youtube.com/watch?v=b6wJ_vz0zaY 450 300]

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How will the rest of the year play out? Will we see new lows this year? or has a temporary bottom been put in?

Will we see new lows in 2008?	No Yes
	Current Results

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What a day! Here are my current open positions:

Apple Inc. [[AAPL]]

Google Inc. [[GOOG]]

Amazon.com, Inc. [[AMZN]]

VMware, Inc. [[VMW]]

NVIDIA Corporation [[NVDA]]

Clean Energy Fuels Corp. [[CLNE]]

National-Oilwell Varco, Inc. [[NOV]]

Valero Energy Corporation [[VLO]]

Freeport-McMoRan Copper & Gold Inc. [[FCX]]

Visa Inc. [[V]]

Morgan Stanley [[MS]]

China Direct Inc. [[CDS]]

Synovus Financial Corp. [[SNV]]

Coach, Inc. [[COH]]

Biggest winner today = Wachovia Corporation [[WB]] — sold @ $20

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