Trade: Bought MF Global
This is mainly a move that Corzine will be able to use his experience and influence to make MF into a major financial player. Especially at a time when the major players like Goldman Sachs (GS) and Morgan Stanley (MS) continue to face massive regulation pressures. Whether MF will be able to overcome such pressures isn't clear, but if anybody is going to make it happen its a Democrat like Corzine.
The position was entered around $7.2 and is definitely being entered based on technicals. The stock is poised to breakout of this tight trading range whether up or down. More complete writeup to follow next week.