Replies to post #1760 on E TRADE Financial Corp (ETFC)

[Tina]

I agree 100%

and ordered my digital passcode ID today as well :)

[ken2ak]

I read somewhere, the Peak rate of home foreclosure hit in April 08. So, we are on the down hill side of sub prime meltdown. The Government is helping with this fiasco, also. E*TRADE should start to rebound from this mess next year. They have done a great job of bring in new customer and managing this debt. In the 1st QTR, they signed 62,000 new customers. Wonder what this qtr will bring with the Blackberry Ad campaign?

[IndyDude]

Down in pre-market today. Fannie and Freddie scare killing financials again. Can the govt let them fail?

I have to ask myself,,, how low can ETFC really go with the huge amount of shorts out there? Common sense tells me that bankrupcy is out of the question. The shorts must cover at some point. When they decide the price is low enough, it's going to be a mad dash to cover. We will probably see 30 to 50% moves up when it happens.

I'm not ruling out a double bottom at 2.08. I will have dry powder if that happens.