Retirement Strategies

Dykstra's Deep-in-the-Money Call: Morgan Stanley

05/14/08 - 07:26 AM EDT

Lenny Dykstra

The company's stock appears to be moving in the right direction (upwards) and should put us in prime position to pick up a win. It's important to remember that we don't need Morgan Stanley to make a full return to its past glory overnight. It doesn't need to ride all the way back up to $90 to help us get to where we want to go.

This morning, I will be placing a limit order at $17.60 or better, for 10 January $30 (MSAF) calls. Please note, this next statement is very important to our success. By going all the way out until early next year, this gives us plenty of time to capture a win. As I routinely remind you, if the order is filled, make sure to place a GTC sell order $1.00 above the fill price. Lock and load!

Always Remember: Life is a journey, enjoy the ride!

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At the time of publication, Dykstra had no positions in stocks mentioned.

Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."


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