dan clue

E*TRADE Financial: It Was Good to Be Long

I am also long on Etrade (ETFC) its a company I continue to believe in and like you said they have done a fantastic job selling some non core assets to give them almost and additional billion dollar cash cushion and the cash will come in handy as their bad assets that they have on their books is short term. When they unload this I expect the stock to hit the $10 plus. The mortgage assets along with the shorts have continued to hold their stock down. At the end on friday at 3:59 someone bought 4 million shares of etrade stock. I do believe that when etrade gets rid of their mortgage assets off their books someone will attempt to acquire them or do a merger. Either way I'm long Etrade. I would like to hear from CEO Layton, I like him to give us an update on the sale of etrade of canada. Its supposed to be completed in the 3rd quarter and I would also like him to discuss the addition this weekend of etrade in the middle east they were just issued a license. I like hime to issue a press release weekly talking about the business. He needs to be on the offensive.