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Etrade: "Bankruptcy risk cannot be ruled out" - Citi analysts

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Originally posted by: Azurik
Originally posted by: Capt Caveman
Got back in when it dipped to 5.51

Are you kicking yourself for selling in the $4.50's? 🙂

A little bit. Got out at 4.65 then. I had meetings to go to and didn't want to come back and see that the price had dropped.
 
Originally posted by: Capt Caveman
Originally posted by: Azurik
Originally posted by: Capt Caveman
Got back in when it dipped to 5.51

Are you kicking yourself for selling in the $4.50's? 🙂

A little bit. Got out at 4.65 then. I had meetings to go to and didn't want to come back and see that the price had dropped.

Absolutely no reason to sweat it imo. Learn from it what you can (maybe sell 1/2 next time if you need to), but the main thing is you had the ballz to get in in the first place and held it as long as you did.

What are block buys?
Trades >100k shares at a clip, assumeably on the offer price of the current stock or higher, suggesting people are paying up for it in size. Otherwise its a little misleading since all trades involve a buyer and seller, and anyone that buys a block, buys it from someone willing to sell a block.
 
Azurik: I remember now why I bot ITM options. I thought the $5 strike + premium at the time would be a buyout price (my guess was $7) hence killing any upside potential. That is why I bot the $2.50 calls for $2.60.
 
I'll have a net gain of $12 after both commission costs. Not too bad...but I had the potential to make a lot more.

Edit-
I wonder how long I should wait...I'm looking forward to news of a buyout.
 
Originally posted by: txrandom
I'll have a net gain of $12 after both commission costs. Not too bad...but I had the potential to make a lot more.

Edit-
I wonder how long I should wait...I'm looking forward to news of a buyout.

you bot so little that it doesn't even matter if they actually go bk. you should just hold until you retire.
 
Originally posted by: JS80
Originally posted by: txrandom
I'll have a net gain of $12 after both commission costs. Not too bad...but I had the potential to make a lot more.

Edit-
I wonder how long I should wait...I'm looking forward to news of a buyout.

you bot so little that it doesn't even matter if they actually go bk. you should just hold until you retire.

I wouldn't bank on a buyout. No one knows exactly what's going to happen in the near-term. Either way, you have essentially very little invested in E*Trade. You'll be able to sleep at night and not worry what really does happen. I would just use this trading as a getting your "feet wet" experience and also having a vested interest in following the stock market and E-Trade. At most you'll lose $80... and at the very best scenario you could gain 500%-800%.
 
Originally posted by: JS80
Azurik: I remember now why I bot ITM options. I thought the $5 strike + premium at the time would be a buyout price (my guess was $7) hence killing any upside potential. That is why I bot the $2.50 calls for $2.60.

Ah, I see. I was actually going to buy a few call options... specifically the 10.00 Jan '10 ones, but they are over-priced at this point. A lot of the call options look over-priced.

Depending on how market conditions are towards the end of the year, I can see this stock retracing back to the $8.00 mark... longer term, I would wager either a buy-out or a rocky climb back to the $20's once they clear their CDO mess.

Boy, did I give myself a lot of "outs" 🙂
 
I have never seen such a fight on Level II quotes before. Buyers and Sellers are having quite a war...repeat of yesterday (which broke up last 2 hours of trading before stock broke out).
 
Originally posted by: JS80
I have never seen such a fight on Level II quotes before. Buyers and Sellers are having quite a war...repeat of yesterday (which broke up last 2 hours of trading before stock broke out).

You're telling me, I'm just sitting here looking at my streamer of Level II quotes with blocks flying in left and right, left and right haha.
 
Originally posted by: EKKC
can we see $6 today?

We saw 6 already. It's formed a base around 5.80-90 and the MM aren't letting it go much below...they might try again to flush out day traders and stop loss/trailing stop orders and probably bid it up later in the day.

Even the short term buyers (like me, Azurik) aren't selling their 60% profit...my guess is it will push up to like 6.20 by EOD or erode to ~$5.50.
 
Originally posted by: EKKC
what's your sell target? is $7 reasonable or too low?

7 is very reasonable. I'm planning on at 6.70 put in stop loss for half at 6.5, and sell half the rest in the 7s and keep the rest in my portfolio for LT.
 
JS80: do you do this for a living? or just a casual daytrader (if there is such a thing!)

😀
 
i don't know whether to hate the citibank dude or love him.

i hate him for his irresponsible comments. but love the fact that he dragged ETFC so low that I got in at $4.
 
For Zecco's 10 free monthly trades, do I have to keep a balance of $2500 or just originally deposit $2500? If I bought exactly $2500 worth of stock, but lost 1% of that, would I still get 9 more free trades?
 
I am kicking myself for only buying 700 shares.
but should I even get in now for the second time around for a smaller profit? I'm thinking if it is worthwhile to get more while it's still under $6.

I know it wont go back to the 20s. but if this ever hit the teens, boy, new car here I come. i hope this rolls up a bit and a good buyer comes along to bring them up further.

/dream
 
Originally posted by: Azurik
Originally posted by: EKKC
JS80: do you do this for a living? or just a casual daytrader (if there is such a thing!)

😀

He works in finance for an internet company.

He is correct.

My friends that work for ibank/hedge funds jealous of me because of their trading restrictions. I would kill myself if i had to go through compliance and have a 90 day holding period.
 
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