E TRADE Financial Corp (ETFC)

[CrocHntr]

Is everyone excited for this week??? BOA just beat expectations by a long shot this morning, so hopefully E*Trade will ride the momentum today. I'd love to see it touch $4 before the E*Trade earnings are announced tomorrow afternoon. I guess it depends on how long the BOA market sentiment holds to see if we get there.

E*Trade earnings should without a doubt beat the average estimate of -.13 a share. I'm guessing they post a high single digit loss, which should be good enough to keep the share prices steady, and hopefully give us a nudge towards $4.50 - $5.00. The forward guidance on the CC is going to be the key. If we announce an expected Q3 profit, I think the market is going to be forced to recognize that the turnaround plan is working. I'm also interested to see if the DART's held up for June like they did in April and May. Lastly, I want to see how well the Mobile Pro did in terms of new customers and sales (on the Blackberry).

I have 100 $4 Aug calls that I bought at .10 last week. I'm really hoping that they'll be in the money VERY SOON. Time will tell...