Jason Schwarz

E*Trade Appears Ready to Climb

Trying to interpret hedge fund activity is a tricky game to say the least. I submit that Citadel could be doing a little of all three: redemptions, 25%, and 9.9%. These conversion sales could be killing three birds with one stone at any given time. The only thing we know for sure is that Citadel is selling and it continues to be a burden on the stock. Watch the rate of change of Citadel sales for the real indicator. The reason why I only mentioned the 9.9% in the article is because it is the only verifiable regulatory issue. The others, including Etrade sales being used as redemptions, are speculation. Citadel could pay off redemptions through other means. A reminder-this investment is highly speculative. Don't plan on ever having a 100% grasp of Citadel's intentions.