E TRADE Financial Corp (ETFC)

[suzyHomemaker]

Oh Arnie...

Well, you had to be really quick as there were indeed a gazillion people waiting to sell the news. The market sold off much worse than I expected. But ETrade closed up for the day.

I was sitting there with my market orders typed in on both accounts and as soon as it started to turn I hit enter. One of the reasons I really like ETrade is that with the volume it's reasonably safe to use market orders during the regular session.

You took a small loss and can re-evaluate next week. It should be very interesting!

There is a rumor floating around that the fed may cut 50 basis points next week. If you're long when it happens, sell it IMO. Hedge funds are selling every rally as they are seeing massive redemptions. The down is headed short term to 9500 IMO.

Take care!