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

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