MS is down -7% from its intraday high and down -3% on the day to $27.11. The stock is being sold by someone, and since John Mack, Chris Cox and Lloyd Blankfein have the shorts banned from playing the game, this leaves the objective mind to wonder who these sellers might be.
From a quantitative perspective, the stock looks like it can easily trade down to $19.18 again. The scariest thing about the Street buying into this evil doer short seller narrative is what happens next.
Now we all know why Goldman Sachs was trading down prior to the short selling ban – they needed capital to survive!
As MLK said, “a lie cannot live”.
KM
From a quantitative perspective, the stock looks like it can easily trade down to $19.18 again. The scariest thing about the Street buying into this evil doer short seller narrative is what happens next.
Now we all know why Goldman Sachs was trading down prior to the short selling ban – they needed capital to survive!
As MLK said, “a lie cannot live”.
KM
