Good teams win, but great teams know when to pounce and when to play it cool. It's an essential element of all true champions, but is something that just won't show up in the box score.Some people call it a killer instinct, but it's much more than that -- especially when it comes to investing. I consider it a combination of intelligence, passion, foresight and hard work. Knowing the situation, fully understanding the task at hand and executing are the main ingredients. There's no denying that some of my picks are layups. Those are the ones that no matter how you slice it, you know they will line your pockets with cash. They are the no-brainers. Then there are other types of picks -- like the one today -- that may give some readers pause on first glance, but shouldn't. They are equally as solid and will help ring the cash register just the same. This is where the killer instinct comes in. Morgan Stanley ( MS) is a great company that has been knocked around unmercifully. Now is the time to pounce! The stock is off more than 13% so far this year and a crazy 44% in the last year. It closed down $1.04 to end the session at $46.54 on Tuesday. It is well above its 52-week low of $33.56, which it hit in March. However, it is nowhere near its 12-month high-water mark of $90.95 a share Dykstra: Bank on Morgan Stanley for a Win
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!