E-Trade
- Thread starter krazykarl
- Start date
I got in at 4.90 and miss to sell when it hit last week at 6.00
I was in at 4... missed the two days at 6 but i'm not worried. i think this one is a long term hold. it looks like it'll be up and down the next little while.
added more to my position today.
might seem strange for doing it, but after all, this company has been pretty profitable up until now (don't be surprised to see other companies have demons come out of the woodwork like ETFC has)
this mortgage mess isn't over!
added more to my position today.
might seem strange for doing it, but after all, this company has been pretty profitable up until now (don't be surprised to see other companies have demons come out of the woodwork like ETFC has)
this mortgage mess isn't over!
You are probably right in doing so, I am also thinking of buying some more, I miss the 4.00 dollars today. I am holding EMA for a long term, I bought 1080 shares 2 weeks ago at 21.07
this is a frustrating play for the longs (myself included).
the only ones easily making money the past few days are the shorts. and of course the short position is the hardest one to justify from a fundamental perspective when the price is at 4.xx.
If their home equity book collapses as much as BAC with their $2 price target is saying it will, then S&P should be testing support at 900 next yr (or whatever the bottom was a few yrs ago).
the only ones easily making money the past few days are the shorts. and of course the short position is the hardest one to justify from a fundamental perspective when the price is at 4.xx.
If their home equity book collapses as much as BAC with their $2 price target is saying it will, then S&P should be testing support at 900 next yr (or whatever the bottom was a few yrs ago).
Maybe it will go up when the Fed lower the rate, which is WHEN?
Etrade is a horrible long. The deal last week was a total shaft for shareholders drowning them in tons of high interest debt which only helps the bondholders and screws over the common stock bagholders. If you look at the amount of interest Etrade has to pay over the next 10 years on the deal they have next week, that eats up at least 1/3 of their profits just from that debt, not including other debt due over the next 10 years.
And this is assuming that Etrade doesn't have any more dreck coming out of its bank division. The brokerage arm is overrated now that they've lost the trust of the public, and they were never that good of a broker anyway.
And this is assuming that Etrade doesn't have any more dreck coming out of its bank division. The brokerage arm is overrated now that they've lost the trust of the public, and they were never that good of a broker anyway.