November 3, 2011 - Jefferies Group, Inc. (JEF) stock plunged down to $9.79 on Thursday after an analyst slashed It's rating on the company. Jefferies Group, Inc. (JEF) was halted several times due to circuit breakers put in for the stock. After Jefferies Group, Inc. (JEF) released a statement regarding their European exposure, the stock rebounded. Keep an eye on the $11 level on JEF. The stock seems to be holding $11 quite nicely and if we would see a close below that level, I think we could see JEF test the low $10's. If Jefferies Group, Inc. (JEF) stock breaks $9.80 at any point down the road, go short.http://daytradingstockblog.blogspot.com
