I made a trade in M & T Bank (MTB) today.  Because Scott and I put restrictions (loose as they may be) on the trade sizes that we record on this site, you won’t find it in my log.  However, I did include an ongoing discussion (with myself) in the Bob and Scott Twitter Feed.  I have clipped it and included it below.  There are times, when a stock appears bound in a range, that you can safely play the range.  Some of the amazing charting tools provided from your broker should help you identify buy/sell signals.  However, you can get stuck (as I did earlier in the week with Beazer).

With MTB, I was in at $45.27 and out at $46.27 (400 shares). Nothing earth shaking, but it felt good to have something react in the manner that I anticipated.

1. Out of my $MTB at $46.27. Patience paid off!about 1 hour ago from TwitterFon
2. Reversal.about 3 hours ago from web
3. Turning quick. $MTB on the way up to my sell point soon?about 3 hours ago from web
4. $MTB Looks headed down shortly. Hold or sell?? I think we have another move up later.about 3 hours ago from web
5. $MTB little battle @ $46.00about 3 hours ago from web
6. As noted. A buy of $MTB @ $45.50 would yield $0.50 – $0.60 by end of day. Who made it? I am debating sell $$. Basis is $45.27. @ $46.02 nowabout 3 hours ago from web
7. $MTB buy here. 45.50 mid-morning lull. Quick 50-60 cents by EOD?about 4 hours ago from web
8. Let’s not forget that it is quad witching day.about 5 hours ago from web
9. $MTB is in the mid-morning trough a bit early. $45.14about 5 hours ago from web
10. $MTB in a great place here. Ripe for a tradeabout 5 hours ago from web
11. I feel like the morning is giving me a chance to take positions. Gun shy.about 5 hours ago from web

MTB

The day we decide to create a Twitter profile and jump on the bandwagon, the whole thing crashes.

I think the traffic surge caused by the whole Ashton Kutcher vs. CNN and the emergence of Oprah on Twitter is kicking the crap out of their systems.

Is twitter down right now? Not completely. Stylesheets aren’t loading all the time, received a 500 error, and it won’t accept an image upload, but not completely down.

Isn’t this running on the Amazon cloud (AWS)? Where does the trouble lie?

Funny day.  Earthlink had a major outage as well.