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

[tranceport]

Honestly I still think it is a buy and hold stock right now. If I had more to invest in etfc I would be doing so at < $4.00. I'm tempted to free up some cash to invest here.

 

[Miramonti]

Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

 

[thomsbrain]

I just doubled up. *crosses all fingers and toes*

 

[Ricochet]

18 minutes ago - Xinhua Financial News

Shares of online brokers fell Tuesday after an analyst suggested E-Trade Financial Corp.'s competitors are gearing up to lure its customers away.

New York-based e-Trade's stock was down 78 cents, or 16.6 percent, to $3.93 in midday trading.

 

[Tylanner]

damn some people are deep in the hole right now hehe

 

[Ricochet]

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

 

[Miramonti]

Originally posted by: ricochet

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

I set my limits beforehand. Its was just a trade (as opposed to an investment) and I was expecting it to stay above 3.76ish, and was wrong - so I got out.

 

[Firebot]

Goddamn some of you people are idiots. Dead cat bounce. It always happens in these types of announcements which causes bargain hunters to jump in at the same time. The reality is that there is still a very uncertain future, despite words of no bankruptcy. Now you can either bank on the company recovering and the stock going up, or going further down as more negative news comes out. Either way, the short term easy money maker is long done, and any position would require a long term forecast.

*This is meant for those who tried to get in the wave way too late.

 

[Ricochet]

Agreed, firebot. I'm just surprised that those getting in when it's tanking are pulling out when it's tanking further, taking the lost instead of going for the long term recovery. Keep in mind the entire stock market is down because of the housing crisis. It is bound to recover. When it does, people will have more confidence in purchasing stocks. IMO, those scavenging for bargains now will benefit in a year or two. Of course I'm not even playing with anywhere as much money as some of these guys are playing with.

 

[tranceport]

There is no doubting it is a gamble. I'm just willing to stick it out. When I look at the bottom line of my portfolio it's way green. Even with the $1.20/share down on etfc. It's only a loss if you sell it!

 

[Minjin]

Its a loss the instant it goes down. There's no reason at all for it bounce back up. It can "bounce" all the way to zero. If you feel so strongly about the company, sell your holding then rebuy when it starts heading back up and gets to the same spot. The most you are out is commission x 2. If there's one thing that amateur stock investors do the absolute worst, its holding onto a position too long.

As for the guys in this thread who got in on the dead cat, I hope you had good stops in place.

 

[EKKC]

here's hoping for a 2nd dead cat bounce. i still have faith. still holding the 700 shares @ $4 from last week's Citi comments

firebot: i actually love discussing stocks here instead of yahoo finance forums where they only curse and call names, where on ATOT you can actually learn a thing or two (sad, but true that finance forum is like a little kids playground) but seeing your "idiots" comment reminded me of yahoo.

like i said, AMTD will buy them before letting them file for bankruptcy. Etrade going bankrupt will only hurt the whole online broker industry.

 

[Ricochet]

Originally posted by: jjsole

Originally posted by: ricochet

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

I set my limits beforehand. Its was just a trade (as opposed to an investment) and I was expecting it to stay above 3.76ish, and was wrong - so I got out.

The reason I ask that is because there are a lot of traders who sit on the fence until the last half hour to make their move. It did close at 3.80 (day low of 3.66) and as I write this after hour trading brings it back up to 3.88. This is a stock of volitivity. Can be dangerous for traders, but I honestly think it's a good buy for investors as it's extremely undervalued.

 

[ponyo]

OK. I'm in for 2k shrs and testing the water. I was waiting for the double bottom. Stop at 3.49. It needs to hold last week's low.

Lot of B word going around. Toxic stuff today with Freddie, Fannie, and Countrywide. I'm not trying to be a hero but someone needs to take the other side of the trade in the financial doom and gloom.

 

[Slew Foot]

Bulls run, Bears sleep, hogs get slaughtered. Dont get greedy, invest in blue chips that pay good dividends, dont think about the market every hour, retire happy.

 

[mrSHEiK124]

Hmm, worth it to make an E*TRADE account and buy $200 worth of E*TRADE 😀?

I know absolutely nothing about the stock market, I want to screw around and learn how things work.

Ooh, AMD's sunk pretty low, I guess Phenom getting its ass kicked by Core 2 didn't help them out. Buy?

 

[ponyo]

Originally posted by: Slew Foot
Bulls run, Bears sleep, hogs get slaughtered. Dont get greedy, invest in blue chips that pay good dividends, dont think about the market every hour, retire happy.

Already have dividend paying blue chips in longterm acct. 😉 This is play money and strictly a swing trade. Quarter risk for buck and quarter potential reward.

 

[mrSHEiK124]

Hmm, $9.99 a trade? I'm not going to make shit unless it soars. Any cheaper online trading sites?

 

[ponyo]

Originally posted by: mrSHEiK124
Hmm, worth it to make an E*TRADE account and buy $200 worth of E*TRADE 😀?

I know absolutely nothing about the stock market, I want to screw around and learn how things work.

Ooh, AMD's sunk pretty low, I guess Phenom getting its ass kicked by Core 2 didn't help them out. Buy?

no and no.

 

[her209]

Close down -19.32% @ $3.80

 

[smack Down]

Originally posted by: ricochet

Originally posted by: jjsole

Originally posted by: ricochet

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

I set my limits beforehand. Its was just a trade (as opposed to an investment) and I was expecting it to stay above 3.76ish, and was wrong - so I got out.

The reason I ask that is because there are a lot of traders who sit on the fence until the last half hour to make their move. It did close at 3.80 (day low of 3.66) and as I write this after hour trading brings it back up to 3.88. This is a stock of volitivity. Can be dangerous for traders, but I honestly think it's a good buy for investors as it's extremely undervalued.

Undervalued compared to what? Countrywide? Pets.com stock? E-Trade is going bankrupt and no one is going to buy them out. Another country will be paid by the FDIC to take over the accounts and E-Trade will be left with nothing.

 

[mrSHEiK124]

Originally posted by: Naustica

Originally posted by: mrSHEiK124
Hmm, worth it to make an E*TRADE account and buy $200 worth of E*TRADE 😀?

I know absolutely nothing about the stock market, I want to screw around and learn how things work.

Ooh, AMD's sunk pretty low, I guess Phenom getting its ass kicked by Core 2 didn't help them out. Buy?

no and no.

🙁

 

[her209]

Originally posted by: mrSHEiK124
Hmm, $9.99 a trade? I'm not going to make shit unless it soars. Any cheaper online trading sites?

Think of all the commission E*Trade is getting from people selling E*Trade's plummeting stock.

Oh the irony.

 

[Ricochet]

Originally posted by: smack Down

Originally posted by: ricochet

Originally posted by: jjsole

Originally posted by: ricochet

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

I set my limits beforehand. Its was just a trade (as opposed to an investment) and I was expecting it to stay above 3.76ish, and was wrong - so I got out.

The reason I ask that is because there are a lot of traders who sit on the fence until the last half hour to make their move. It did close at 3.80 (day low of 3.66) and as I write this after hour trading brings it back up to 3.88. This is a stock of volitivity. Can be dangerous for traders, but I honestly think it's a good buy for investors as it's extremely undervalued.

Undervalued compared to what? Countrywide? Pets.com stock? E-Trade is going bankrupt and no one is going to buy them out. Another country will be paid by the FDIC to take over the accounts and E-Trade will be left with nothing.

Compared to other discount brokerage. Do you have inside knowledge of them going under? If you're pretty confident of your prediction, short the stock.

 

[Capt Caveman]

Originally posted by: ricochet

Originally posted by: smack Down

Originally posted by: ricochet

Originally posted by: jjsole

Originally posted by: ricochet

Originally posted by: jjsole
Right now its 3.83 and is setting up a buying opportunity imo.

/edit: I'm out at 3.75 for an intraday loss.

You couldn't wait 'til the end of the day?

I set my limits beforehand. Its was just a trade (as opposed to an investment) and I was expecting it to stay above 3.76ish, and was wrong - so I got out.

The reason I ask that is because there are a lot of traders who sit on the fence until the last half hour to make their move. It did close at 3.80 (day low of 3.66) and as I write this after hour trading brings it back up to 3.88. This is a stock of volitivity. Can be dangerous for traders, but I honestly think it's a good buy for investors as it's extremely undervalued.

Undervalued compared to what? Countrywide? Pets.com stock? E-Trade is going bankrupt and no one is going to buy them out. Another country will be paid by the FDIC to take over the accounts and E-Trade will be left with nothing.

Compared to other discount brokerage. Do you have inside knowledge of them going under? If you're pretty confident of your prediction, short the stock.

He's just a troll that talks out of his ass and doesn't know difference between a stock and a bond. He sadly doesn't understand that ETFC actually has profitably business and cash assets.