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Etrade: "Bankruptcy risk cannot be ruled out" - Citi analysts
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Azurik
Platinum Member
No idea. And if I had to guess, I would be kinda bias since I have a vested interest in a particular movement.
Lets see how the retail data comes out as... as that will probably dictate how the market will open unless there is a surprise somewhere else. If it's good, I would guess a follow through day in buying with ETFC hitching along for the ride. The market won't leap like it did today, but in the very small chance that it does... :shocked:
My guesses for the hell of it:
If retail data better than expected:
ETFC will gain 15%-25%
Overall market will gain 1.2%
If retail data is slightly below expections:
ETFC will lose 10%15%
Overall market come out of the gate losing 1%
If retail data is much worse than expected:
ETFC will lose 15%-20%
Overall market will lose 2.0%
Capt Caveman
Lifer
Nice job folks!!!
I cut bait early but will buy in tomorrow in hopes of a ride back to the 6-7 territory.
I cut bait early but will buy in tomorrow in hopes of a ride back to the 6-7 territory.
Azurik
Platinum Member
I'll put in TD Ameritrade into the fray of bidders. At this point, I don't think E-Trade wants to be bought out unless the bid is wel above their $2B market cap they have as of the close of business today. You could always try a hostile takeover, I have to look at E-Trade's reports to see if they have a poison pill for that or not.
KarmaPolice
Diamond Member
wow nice job guys,
ponyo
Lifer
Good job guys! :beer: So we got our Turnaround Tuesday. 🙂
I tried to buy some Etrade shares in premarket before leaving for work but didn't get hit. Decided not to chase.
My Baidu afterhours buy went crazy today. Up $43/shr from my purchase price last night. Brought back fond memories of the go-go days.
Now it gets tricky as the easy money has been made. My bias tells me we rise into option expiration. Is it too early for the year end rally? 😛
I tried to buy some Etrade shares in premarket before leaving for work but didn't get hit. Decided not to chase.
My Baidu afterhours buy went crazy today. Up $43/shr from my purchase price last night. Brought back fond memories of the go-go days.
Now it gets tricky as the easy money has been made. My bias tells me we rise into option expiration. Is it too early for the year end rally? 😛
Miramonti
Lifer
Hopefully you'll get rewarded in both positions.
Reg. bank of america or wells fargo as potential buyers...why these guys (and how should we read into your usage of the word "announce"...) ?
It will be interesting - Citi suggested their losses would be $5b if they had to liquidate their loan and ABS portfolio right now (which their current market cap right now is ~$2.5b)
lol by announce i mean i get to say i told you so if it happens. I picked them because they are the banks that are desperate to give their online broker business a jumpstart AND they have the ability to absorb the loan portfolio.
etrade would be stupid to liquidate their loan portfolio. Almost all their portfolio is people with 700+ credit scores, and have accounts with them (i.e. savvy well financed investors). The other banks' portfolios are in trouble because they bought ABS filled with nasty mortgages unscrupulous salespeople were peddling to old/dumb people.
$1b writedown is worst case scenario. I would assume $450mm max. Look at GM, it has the worst negative shareholder equity. Etrade could sustain negative equity because of the prospect of their broker business.
Pliablemoose
Lifer
Pliablemoose
Lifer
Yep, hands on kinds of stuff, I check the market during lunch & breaks. I have a wi fi enabled phone & keep tabs on the market, but it's pretty hard to watch the markets & take care of my patients at the same time.
My employer also has us sign a freaking contract to keep us from using the internet/cell phones at work? Luddite bastards...
Capt Caveman
Lifer
Got back in when it dipped to 5.51
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