Replies to post #3133 on E TRADE Financial Corp (ETFC)

[coachum]

Ask 10 people and get 9 different answers

I bought in again hoping for a bounce.

Some people may short it.
Some may be buying in becaue they may get tarp money.
Some think they will be ok in ling run.
the way I see it for all the sold stock someone bought in at a cheaper level. Perhaps a new base. We will see check the premarket.

Me IMO we bounce if we dont and unsure have a stop loss to minimize the loss.

[Bigatin]

NEWS
This should help with your decision to buy or not to buy. Read the last paragraph.

FINANCIAL STOCKS
E-Trade shares hit on wider loss, capital raise
By MarketWatch
Last update: 10:47 a.m. EDT April 29, 2009
Comments: 1
BOSTON (MarketWatch) -- The U.S. financial sector opened higher Wednesday as investors awaited key shareholder votes at banks' annual meetings, but shares of E-Trade Financial Corp. plunged 30% after the online broker reported a wider quarterly loss and said it needs to raise capital.
E-Trade's (ETFC:
E*Trade Financial Corp
News , chart , profile , more
Last: 1.64-0.82-33.33%
11:06am 04/29/2009

ETFC 1.64, -0.82, -33.3%) results included a loan loss provision of $454 million and the company said its regulator has ordered it to raise capital.
"While the company could possibly tap TARP, it appears unlikely to us that the company is a good candidate for the funding given that it has no intention of using it to increase its lending activity," said analysts at BMO Capital Markets.
Chart of ETFC

"Therefore, it will have to consider other options, most of which will prove highly dilutive to current shareholders," BMO said.
Shares of E-Trade were off more than 30% in recent action.