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daffy
81 Comments
Businesses Advised to Walk Away
I think it might even be more appropriate to suggest that, oh, say Exxon Mobil should just walk away. (just like in Venezuela)
I think it might be more appropriate to discuss the morality of commiting suicide when the markets turn bad.
Just walk away?
I think the only thing that has really happened here is that you have walked away on faith and forthrightness. You have walked away from honesty and integrity. Promoting contractual dissidence. You are truly an excellent example of whta is seriously wrong with this country from the bottom to the top. One heck of a solution there sunshine.
Read This Before Buying E*Trade
Now that the preliminary information is out of the way, I want to touch on what you asked about "honestly and candidly assessing what was on everyone's minds". I think many people here have touched quite clearly on the lack of optimism and have certainly argued that the nervous nellies would like to drive this country into the ground with their fear mongering (and I am sure that the fear mongers would love to start with Etrade). I am not going to beat that into the ground, but I would like to contend that they did indeed deserve be to be slandered unmercifully for airing such views. The US is not comprised solely of nervous investors. The are just as many people who can sit comfortably and watch their stocks go down 20, 30, 40 percent and trust in the fact that a good business will rebound. My father has been trading stocks for over 30 years. He has never lost a cent in the stock market. I don't intend to either. How is that possible? So, I ask you to critique your own statement. How do you assess "everyone's minds"? Would you lump those who believe that in 6-8 months, everything will be returning to solid growth and the economic forecast will be positive again into the same category as the doomsayers who would have the markets just go belly up? You see, not everyone thinks like all these people who say the world is going to come to an end. I hate to say it, but I would be pretty primed in a bet to say that they(the nellies) are the same people who were promoting the growth through deregulation and wanton currency creation. Of course they would be the ones crying in their milk when the ends come to justify their means. Here is the really crappy part of this equation. The Etrade stockholders who bought in at 15, 20, 25$ (and likewise with CFC, et cetera). The homeowners that are soon to not be homeowners due to their adjusting mortgages, and the people out there that have to put up with all of this naysaying nellie behavior all the while holding the hope that better days are going to come (gee, sounds like something right out of a Manifest Destiny Utopia). Here is where I ask you a question? Will there be better days to come?
I think aajones had a lot to say here and very few picked up on this with exception of the original author. The seat that we are in right now would have been a much nicer seat had we sat down a little less sudden, which could have easily been had with a little less "the sky is falling rhetoric". We all knew this was coming (and not just Etrade), so why did the sky have to fall so suddenly?
Seriously here, I should be thanking all of you who cried SELL, you have created a great opportunity for me to get into the market. I would have been just as happy without all of your help though. I have to look at one really positive thing though, without all of this, I would have missed what a great show a turn around could be. I actually enjoyed the "bobo" the clown commercial better than the superbowl. I am curious as to when the next wave will start. And quite frankly, I am looking forward to it.
And for what it is worth, I have yet to see one person tout Etrade as a "dead cinch,wildly undervalued,misunderst... financial ". Of course it is a gamble, but I would rather put my money on eTrade than on Red. On top of that, I do business with eTrade.
Read This Before Buying E*Trade
Very eloquent.
I will wait for the retraction. Or maybe not.
Egos run amock. That is what got is into this mess in the first place. Looks like those same egos are, in plays of futility, trying to keep us there.
aajones, carrying on means to follow your advice.
Why would I sell my Etrade again?
E*Trade Financial: Spinning the News
I love the new advertising out for Etrade. I think it is brilliant. I give heavyhanded kudos to not only the marketing agency who derived these ads, but also the Directors of Marketing at Etrade for making such resoundingly resourceful decisions. I am very happy with my Etrade stock. The only thing I am unhappy about is that I let the "media" stir my fears and I passed up on a big purchase when ETFC was trading in the low $2's. I do however, think that Etrade will surpass $8.50 by the end of the year, by a long shot. There are great news stories brewing this year that will lead the naysaying nellies from their perch to feast elsewhere, and the market's bearish behavior should return to a mildly bullish one by summer.
Thanks again, there needs to be some optimism in these times, and it is good to see realistic optimism. I personally think it is a great time to invest, and this Etrade "issue" is the perfect example.
Wall Street Recession Vs. Main Street Recession
E*Trade Financial: Great Company, Great Bargain