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Knock!! Knock!! .... who's there???
$3!!!!!!!!!!!
We just passed $2.90!!!
BURN ETRADE SHORTS BURN & DIE DIE DIE DIE!!!
LOL!!
The quarterly report is next week, right?
I'm expecting VERY good news.
Die you stinking ETrade shorts!!
DIE DIE DIE DIE DIE!!
LOL!!
This whole market is just nuts right now.
The DOW is down 200 then up 100 then down 100 in the same day. I know day traders must be loving life but it's not blowing my skirt up...
Oh well.
So we raise over a half billion $$$ in cash and nobody cares? Down 6%.
Well, I wouldn't have guessed that - LOL!!
Morning arnie!!
Can you paste the text. I cannot read it without a subscription. thx.
I was reading on yahoo that canada has a law that a single brokerage firm cannot own more than 80% of the market. Ameritrade owns 80% already. The speculation was that this move might be required for ETrade to be bought out by Ameritrade.
At these prices, I have to believe someone is looking at buying them.
**OUCH**!!
Had the margin monkey on my back in 2000 and will never margin again.
Best of luck with that.
Well, when you consider
that our market cap at the close was only about, what, 1.4 billion, we just added over half a billion in cash.
Seems like REALLY good news to me. But we'll see what the market says - LOL!!
Stock is halted at the moment
but I would think we will open substantially higher tomorrow!!
E*TRADE FINANCIAL to Sell E*TRADE Canada to Scotiabank for $442 Million
Monday July 14, 4:15 pm ET
Expects transaction to generate net cash proceeds of approximately $511 million, including repatriated excess capital
http://biz.yahoo.com/bw/080714/20080714006241.html?.v=1
Just broke $2.50...
WOW!!
Getting awefully close to $2.50
I have to wonder at this point whether it's going to test $2...
I'd say it's holding up really well.
I'm hoping for $3.50ish tomorrow.
Fingers crossed!!
Somebody pinch me!! LOL!!
Someone is supporting the bid at 3.10 premarket so far.
Futures are in the tank again but we have to be close to some kind of short term bottom. The fast stochastic for the Qs is at 7!!
http://www.stockta.com/cgi-bin/analysis.pl?symb=QQQQ&num1=3&cobrand=&mode=stock
In 8 trading days the Q's have gone from a high that day of 49 to todays low of 44.50. That's almost 10% in 2 weeks!!
They sound very confident in that release.
I have the feeling they will handily beat the concensus.
Anybody else?
Well, we're either very close to the bottom or
me and the kids will be shopping at Goodwill from now on - LOL!
We're not bouncing with the market.
I am so not feeling the love - LOL!!
Me three. 3.19 just now.
The Qs are way oversold as is ETrade.
What the heck, it's only money!! LOL!!
I bailed for a wash.
This market is freakin unbelieveable!! LOL!!
Sorry ken, forgot to finish my post!!
Here's a weekly chart of the dow:
http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=3&dy=0&id=p44384875858
See how we have taken out the 150wma and are now below the 200wma? That's bad. If it doesn't rally into the close today it could get much worse very quickly IMO.
I'm hoping the "powers that be" will try and stop it here but I'm not going to bet my knickers on it :)
I'm not nearly that confident - LOL!!
I'm playing with a very tight stop.
Hang in there Arnie!!
This too shall pass.
I just hopped in at 3.27 for a scalp. I expect/hope for "some" short covering into the close.
I have no idea.
I show this area as the last support above $3, so it needs to hold here. That means the shorts will try and push it through. $3.26 just printed.
Ayecarumba!!!!
With all of the shorts in ETrade
we should get some kind of a meaningful bounce if the market can catch its breath. I'm a little surprised there's not alot of covering here. We're almost at $3.25. What are they waiting for? $2's?
Does anyone think we'll re-test $3.00?
It sure sold back off today. If the futures are down again tomorrow it will sure be interesting to see exactly how low they plan on taking this.
This is the price we sold off to just prior to the last earnings report. I guess we'll see what the Fed has in store for us tomorrow afternoon.
Well, that didn't take long. nice call.
I'm just amazed at how low this stock continues to trade in the face of apparent good news.
Yes, you're right.
I decided not to risk it.
With the financials falling apart who knows what's going to happen with ETrade, even though I think the worst of our worries are behind us.
it's testing $3.50
I'm tempted here but it needs to hold.
AKNS being added to the Russell - fyi
http://www.russell.com/indexes/membership/reconstitution/recon_3000_additions.asp
Upgraded this morning from hold to BUY
$10 price target
Kulicke & Soffa KLIC AmTech Research Neutral » Buy $10
Lehman is getting killed again this morning.
Careful on this ETrade bounce in the AM.
Hi mara,
I don't know if the price will get this low but $3.25-3.30 is better support. What a mess the markets are right now.
Best of luck.
Lehman is being taken out and shot!!
Gotta wonder how low the other financials and the market in general are going to drag ETrade. I'm still mostly in cash and enjoying the summer.
Good luck all!!
Watch out for those bears.
SmartMoney(TM) Ranks E*TRADE the #1 Online Broker
I hadn't seen this before. Sorry if previously posted.
http://biz.yahoo.com/bw/080603/20080603005276.html?.v=1
I read there could be a whole new leg down for the financials. They are surely acting that way. My solar stocks are dead now too. It was fun while it lasted, though - LOL!!
Financials are in for another round of trouble.
It wouldn't surprise me if we drop back down towards $3.50.
Fortunately, it's summer now, and the lack of action here lets me focus on my tan - LOL!!
Closed right at the high of day!!
Trading 4.38 right now afterhours.