RE:News Comments & Morgan StanleyIt's next to impossible to understand MS's trading strategy as markets are designed and structured to conceal visibility. Only trading houses (and regulators) can differentiate between their retail, prop, and institutional trading and they identify all their trading volume with the same marker. To obscure visibilty further, trading houses have the option of using the anon community marker which lumps all their anon trades togeather. It's entirely possible that MS sells using #53 but buys using #1. There's no way for the average retail stiff to know.