Facebook suddenly spikes at the close on a surge in volume, ending above $33. Yesterday (Wednesday) it's up almost exactly $1, today it's up almost exactly $1.
Looks like suddenly FB has acquired a friend of the court, doesn't it? Who could that be?
I'll make this simple: the best way for Morgan Stanley to get out of this mess is for them to get the stock back above $38. If it gets above that, they can say to this army of unhappy clients: "See? It's three weeks later, and the stock is $38.50 — what is your problem, Mr. Smith?"
Problems? This is causing 99 different problems for them.