MF Global Holdings Ltd. (MF) hit a new 52 week low on Friday but then popped 50% before pulling back. MF Global Holdings Ltd. (MF) ended up closing around $1.20 on Friday. MF stock will be one to watch next week and will move on company headlines. After a credit downgrade, MF Global is fighting to stay alive and has hired Evercore Partners to explore strategic alternatives.
We could potentially see Goldman Sachs Group (GS) or State Street (STT) buy the MF Global (MF), those are the latest rumors.
MF Global Holdings Ltd. (MF) stock is a sell on a break back below $1.00. For a trade, I'd buy the stock on a break above $1.50 using a tight stop or $0.07-$0.10.
