AmpedSilence
Platinum Member
**sigh** i was going to buy 400 shares last night, but i got distracted...
instead my shares in WLRS are down 5%. Damn it 🙁
instead my shares in WLRS are down 5%. Damn it 🙁
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Etrade: "Bankruptcy risk cannot be ruled out" - Citi analysts
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KarmaPolice
Diamond Member
Thats why I never end up investing in stocks....I don't have enough to really have it make sense with the commissions :/
tranceport
Diamond Member
Are you still buying?
Azurik
Platinum Member
E-Trade stock bounces up strongly on takeover rumors
Analysts: Online broker can still weather storm, but worse-case scenarios spreading
By Murray Coleman, MarketWatch
Last Update: 2:06 PM ET Nov 13, 2007Print E-mail Subscribe to RSS Disable Live Quotes
SAN FRANCISCO (MarketWatch) -- A few months ago, David Fisher says he never would've dreamed that he'd be fielding questions about whether he had any interest in making a bid for industry heavyweight E-Trade Financial.
But that's what the chief executive of rival OptionsXpress Holdings Inc. (OXPS😱ptionsXpress Holdings Inc
ETFC 5.18, +1.63, +45.9%) lost roughly half its market cap.
Shares of E-Trade plunged as the company acknowledged it faced more subprime-related write-downs and as analysts at Citigroup suggested a possible bankruptcy for the online broker.
"We started Monday at about half their size," Fisher said. "We woke up on Tuesday actually a little bigger in terms of market-cap size. E-Trade's going through a very tough ride right now."
But it's not one that should impact the entire online brokerage industry, he added. "They got into trouble pushing the banking side of their business," Fisher said. "Not too many online brokers have used that model as extensively as E-Trade. It's highly unlikely anyone else is going to get as caught up in the problems of the mortgage market."
Despite such travails, E-Trade's stock rebounded Tuesday, up more than 15% at one point in morning trading. That followed an uptrend by other competitors, as markets generally traded on the plus side early in the session.
Much of Tuesday's opening moves on E-Trade were through block trades, according to Bruce Zaro, an analyst at Delta Global Advisors Inc. "We're seeing a lot of volume and 650 different block trades of at least 10,000 shares or more with E-Trade stock," he said.
That shows institutional and other big investors were moving into the stock. "Our take is that speculation is building that someone's ready to jump in and buy E-Trade," Zaro said. "We don't see the rebound by their shares today as a signal financials have bottomed."
Analysts: Online broker can still weather storm, but worse-case scenarios spreading
By Murray Coleman, MarketWatch
Last Update: 2:06 PM ET Nov 13, 2007Print E-mail Subscribe to RSS Disable Live Quotes
SAN FRANCISCO (MarketWatch) -- A few months ago, David Fisher says he never would've dreamed that he'd be fielding questions about whether he had any interest in making a bid for industry heavyweight E-Trade Financial.
But that's what the chief executive of rival OptionsXpress Holdings Inc. (OXPS😱ptionsXpress Holdings Inc
ETFC 5.18, +1.63, +45.9%) lost roughly half its market cap.
Shares of E-Trade plunged as the company acknowledged it faced more subprime-related write-downs and as analysts at Citigroup suggested a possible bankruptcy for the online broker.
"We started Monday at about half their size," Fisher said. "We woke up on Tuesday actually a little bigger in terms of market-cap size. E-Trade's going through a very tough ride right now."
But it's not one that should impact the entire online brokerage industry, he added. "They got into trouble pushing the banking side of their business," Fisher said. "Not too many online brokers have used that model as extensively as E-Trade. It's highly unlikely anyone else is going to get as caught up in the problems of the mortgage market."
Despite such travails, E-Trade's stock rebounded Tuesday, up more than 15% at one point in morning trading. That followed an uptrend by other competitors, as markets generally traded on the plus side early in the session.
Much of Tuesday's opening moves on E-Trade were through block trades, according to Bruce Zaro, an analyst at Delta Global Advisors Inc. "We're seeing a lot of volume and 650 different block trades of at least 10,000 shares or more with E-Trade stock," he said.
That shows institutional and other big investors were moving into the stock. "Our take is that speculation is building that someone's ready to jump in and buy E-Trade," Zaro said. "We don't see the rebound by their shares today as a signal financials have bottomed."
StormRider
Diamond Member
Dang, I wish I had bought some...
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