dan clue

Wall Street Breakfast: Must-Know News

Etrade (ETFC) reported out during Q2 results in July that they have stakes in Fannie and Freddie and that they sold some and will be liquidating the rest due to the potential government takeover. I emailed Etrade yesterday at their investment line with this question. Does Etrade own any fannie or freddie? Etrade reponded that they liquidated the rest of their prefered July 31st and he also referanced Q2 results and future guidenance. So basically they Own 0 and the time of the government takeover.

Contrarian Indicator: Analyst Buy Ratings

Etrade is looking for a buyer and will be sold within the next month. I suspect it may very well be Abu Dhabi. Layton can't say that several offers aren't being considered by the board at this time because they are. Also he can't say Etrade has been in talks over the last week but something happened to the deal. I found out that Layton needed to say what he said to CNBC. He did this for one simple reason he needs to keep Etrade's share price low. Typically a buyout company will pay 65% over market close. If this is the case Etrade will be sold for a $6-$6.50 value. This makes it more attractive. I have repeatedly asked Etrade investment line through emails but they still haven't responded to any of my questions.. I have sent almost 10 emails in the last month. Etrade should be reporting out Feb results within days. I'm convinced this will help the share price.

Jim Cramer's Mad Money Lightning Round, 2/5/08: Google-licious No More

It's funny you can always tell which stock's Jim Cramer own's because he's looking to make money on everyone elses back, a typical Analayst. I have come to understand that the real problem with the market is not so much the balance sheet of companies its the fear that analyst's continue to create day in and day out. If we take the analyst's out of the market and they just zip it the market and the economy will correct itself within a month. The analyst's are the problem.