daffy

Short Interest by Sector: Consumer Discretionary Leads

That wasn't a panic sell . . .

that was a well thought out play.

OK, now that I am getting old . . . I am going to get back to buying here in the morning.

Short Interest by Sector: Consumer Discretionary Leads

Oooops, insider buys were about 500K shares at roughly 4.06.

On 462M shares, not exactly what I would call I big deal.

I thought it was more. My mistake.

I would be curious however to see what Laytons deal says. Did he get an upfront promise of big share stake? Don't have time to dig, anyone got that info?

Short Interest by Sector: Consumer Discretionary Leads

One more thing short,

look at the insider trades and the pricing in January. I think they were at 4.01 and 4.06 respectively.

I will look for the numbers and report.

Short Interest by Sector: Consumer Discretionary Leads

It will get back to 3.70. Heck, it is at 3.76 right now.

Don't pull out too quick there short seller. Don't do anything rash.

WORST case scenario is that the price is being hammered to prepare for the Feb report which is bad so as shareholders don't see an amazing one day drop.

I am just going to keep a very keen eye on sales and and performance in the next few days. You are right, somethingis going on here, and I am going to stick it out but I do not have as much as you to loose.

Remember, the stock will bounce.

The stock will bounce.

Being rash is why the market takes bad turns, you know that and I know that. Go back and read my last comment on the other article, you now, the one where I talk about etfc and peers. I still believe that.

Think before you act here. Big money comes with some risk and sweat on the brow.

Short Interest by Sector: Consumer Discretionary Leads

Hey shortie . . . .

Your hypothesis is interesting. I too was just watching this etfc deal as I put a sell at 3.94. I will pick up in two days. I think the price will drop again before we break 4. But here is the deal, every time I saw the price come close to my call, I saw a blocks of 100K+ shares come up. WTF? Right now there is 100K shares on the block. I have never seen that with ETFC. Your right, there is price supression happening here.


In any case, don't worry about my sale, I am coming back in when it drops back down to 3.50-3.70 range. + I am still long on other shares.

I think yeserdays action was interesting in that ETFC didn't hardly even move. I thought for sure that ETFC would have bounced to well above 4 by today. In fact, my sell was for 4.17. The only reason I sold as I think it is going to go down either tomorrow or friday. Jan's readings were read on 2/13 so I expect Febs will be out this week.

I just think there will be another big sell off this week before any big news comes out.

I really think we should have seen a bigger bounce in ETFC yesterday. CFC went from 4.36 to 5.11. CFC. Yeah, that big monster in serious trouble. ETFC just has to get rid of some pesky little interest rate (12.5%) and do something about writedowns and it should bounce quickly back to 15$. Yesterday should have given that hope a reality check for the positive.

Something is amiss here.

Financials Offer Patient Bulls Many Opportunities

Earnings will be fine once the major losses are done being written off, which is presumably already priced into the stock at this point, no?

With all of the doomsdaying nellies out there, I would say that it is more than factored in.

Prospector -

I am new to the market (investing wise). I could not see a better time to buy into financials. I still see no better time over the next three months. Although I am breaking even on everything right now (which says a lot since I started buying in early November), I see that in the next 8 - 16 months I am going to be very happy I put my money where I thought it should go. I have only fallen once when I chose not to buy ETFC at 2.08. I have had C on a watch for awhile and I will continue to watch. Unfortunately, I still think C has a huge write down coming, or a couple. I am going to wait until the next beating (or two), then buy.

One thing to remember is that we have an election year and the fear mongering in the media is going to be many fold. The economy, in the eyes of the media, is going to be the worst in decades for the time until at least late November, then the party that wins will decide how quickly the market will turn around. If the naysayers win, well, it might be May of 2009 before we see beauty in our current investments. If the yeahsayers win, well, probably beginning right away and a banner Christmas (compared to this last one) will be had, sending confidence through the market. Either way, does it matter? Doubling your money (or even quadrupling it) is no losing game in a few months over a one year investment.

Agreed . . . putting all disposable money into the market when I get it. Oooops, there goes the retail sector.

Cheers