prescient11

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108 Comments

    • Mon Jun 23rd 12:01 PM | Rating: 0 0
      Commented on:
      Metrics, Mortgages and Analysts
      The real expert,

      Explain what you mean by risk factors and I'll let you know if I agree or disagree. I vehemently disagree about the "massive dilution" you reference, by the way.
      View article »
    • Fri Jun 20th 13:18 PM | Rating: 0 0
      Commented on:
      Metrics, Mortgages and Analysts
      The real expert,

      We'll see won't we. I'll remember this come 1Q of '09 and we can see whose call was right.

      So rather than listen to your blathering Monday morning quarterbacking about oil, etc. How about you enlighten us as to your calls that will take you to 1Q of '09 and we compare then, shall we?? I believe ETFC will yield a 200% gain by then.

      We await your genius.
      View article »
    • Fri Jun 20th 13:15 PM | Rating: 0 0
      Commented on:
      Metrics, Mortgages and Analysts
      Wez, nice retort, as informative as your first.
      View article »
    • Fri Jun 20th 10:25 AM | Rating: 0 0
      Commented on:
      Metrics, Mortgages and Analysts
      Wez, really, how stupid can you be? Do you actually engage in analysis or spout off random thoughts only? Etrade has an extra $1B in cash just sitting around, in case they haven't provisioned enough. That is a HUGE cushion that can absorb any further blows.

      Who said Etrade is immune? Stop constructing straw men. Etrade's stock price has been destroyed because everyone assumes they will get hit very hard. So think before the next time you write, for all of us.

      Speculator, your analysis is about as good as Wez's. Thanks for your self-promoting non-analysis.
      View article »
    • Thu Jun 12th 07:24 AM | Rating: 0 0
      Commented on:
      S&P Upgrades E*Trade Despite Struggling Financial Sector Peers
      JBMaria will hate this, and that makes me smile.

      First upgrade for Etrade in a year, let's get this party started. Pay attention to the wording of the upgrade, management has taken their medicine and now they are moving forward. If only all the other banks would do the same.

      By the way - they are way off on their price target and loss estimates. 46 cents this year? We took 20 cents in the 1Q.
      By the 3Q we will be profitable again, in my humble opinion.
      View article »
    • Wed Jun 11th 12:00 PM | Rating: 0 0
      Commented on:
      E*Trade's 'First In, First Out' Position: Yes, 111M Shorts Can Be Wrong
      "First Prescident11 a self appointed Etrade pumper president of the message board who once said "I will not post here for a month". Guess what happened before that month? Yup you guessed it he starts posting again."

      Great criticism. Lighten up francis. Are you an adult? Tell you what, why don't you point out any inaccuracy in the facts detailed above? Of course, you cannot.

      This is America, and Seeking Alpha is a wonderful forum that accepts all entries, so why don't you submit your own "concerned" "skeptical" view of Etrade. Otherwise, just take your ball and go home junior. No one wants to listen to your whining and crying.
      View article »
    • Wed Jun 11th 09:53 AM | Rating: 0 0
      Commented on:
      E*Trade's 'First In, First Out' Position: Yes, 111M Shorts Can Be Wrong
      Great article Cindy, thanks for putting the facts on the table. A great service to all retail investors.
      View article »
    • Thu Jun 5th 11:58 AM | Rating: 0 0
      Commented on:
      Wells Fargo Doo-Doo Bank Drill Down, Part 2
      Your graph on housing prices is not very good. Otherwise information is pretty good and nice breakdown. I think you are incorrect about the amount of correction needed in housing prices though. We have a bit to go, but nowhere near where you suggest, I remember seeing a graph with the proper x and y coordinates that showed that we were nearing the proper correction back to the mean and should be there by 2009 at the latest.
      View article »
    • Thu May 29th 10:10 AM | Rating: 0 0
      Commented on:
      Citadel Infuses E*Trade with Strong, Experienced Management
      Just a point of order here, all of Etrade's MBS portfolio is backed by either FRE or FNM, except for $1.1B and that portfolio is made up of AAA or AA holdings. Further, Etrade has already taken a charge against that assuming a recession that covers the rest of the year.

      That MBS portfolio is quite solid and should be valued at 100% if not higher.
      View article »
    • Wed May 28th 13:27 PM | Rating: 0 0
      Commented on:
      More on HELOCs, Second Liens and Rose Colored Glasses
      Reggie, I would be interested in your analysis of Etrade's home equity/HELOC portfolio.

      Just for your information, it's about a $11.5B portfolio, $1.5B are first liens and Etrade has prepared itself for chargeoffs totaling $1-1.5B, or roughly 10-15% of all the second lien loans.

      Best regards and thanks for all the great information. If I take one thing away from your analyses, short the hell out of WaMu.
      View article »
    • Fri May 23rd 00:29 AM | Rating: 0 0
      Commented on:
      E*Trade: What the Analysts and News Haven't Told You
      JBMaria,

      Not to beat a dead horse, but, you know... Here's a Shinnick piece where he says that he is long the SKF and short XLF in January 2008. The article disclosure is confusing but he clears it up in the comments below. Sorry, but you didn't convince him of anything. He should have disclosed his short positions on overall financials in his ETFC article, plain and simple.

      seekingalpha.com/artic...

      I'll wait for your apology. Still waiting for any rebuttal on the facts I stated in the body of the article. Oh yeah, there is none.
      View article »
    • Thu May 22nd 18:06 PM | Rating: 0 0
      Commented on:
      E*Trade: What the Analysts and News Haven't Told You
      JBMaria,

      From the link, go to the bottom of his piece: "Disclosure: Long SKF"

      Look up the ticker if you can't figure it out. And you still haven't refuted one fact I discussed, even though you have had ample time to do so. Case closed.
      View article »
    • Thu May 22nd 16:12 PM | Rating: 0 0
      Commented on:
      E*Trade: What the Analysts and News Haven't Told You
      JBMaria,

      Again, I can't believe you continue your libelous statements that there was any sort of collusion between anyone. I never asked for any of my posts to be placed in an article, I merely provided the facts to Ms. Reed and it was her choice to publish them. Apparently, she is comfortable with my writing and research.

      If we are to be convicted of colluding to tell the truth, then find me guilty.

      Again, we are still waiting for you to point out one little, simple inaccuracy regarding the facts that I stated above. Of course, we will wait forever, as every one of your posts are full of sound and fury, signifying nothing.
      View article »
    • Thu May 22nd 15:58 PM | Rating: 0 0
      Commented on:
      E*Trade: What the Analysts and News Haven't Told You
      JBMaria, as you clearly read what I had to say and responded directly to a bit of it, we are all still waiting for a refutation of the facts I have laid out in Ms. Reed's article.

      Further, as to Mr. Shinnick, I understand that he disclosed an alleged "long" position in ETFC in the article. What he did not disclose, in that article, is that he was ultrashort overall financials through an ETF, which was disclosed in a different article by him around the same date.

      seekingalpha.com/artic...

      That, quite frankly is in bad form. Almost as bad as his ridiculous lack of due diligence and any research. Again, readers are free to read that piece on Etrade by Mr. Shinnick and read the Q report, it is quite clear who did their diligence and research and who did not. Trying to explain it away by describing it as: "the truth as it was known at that time" is ridiculous. That dog won't hunt.

      The truth can be known, you simply have to do the research first. Without putting a % figure on it, Mr. Shinnick's article was another soft hit piece stating that Etrade could be dangerously close to a capital ratio concern - when their risk-based capital ratio is better than every major bank that I know of.

      I await your response to the actual facts I listed and discussed. As per usual, the silence is deafening.
      View article »
    • Thu May 22nd 15:17 PM | Rating: 0 0
      Commented on:
      E*Trade: What the Analysts and News Haven't Told You
      JBMaria, instead of your ridiculous crusade against Etrade, why don't you enlighten us as to an inaccuracies from my quoted insert above. Please, stop embarassing yourself. I did not submit material to Ms. Reed, I simply made several succinct, factual points that are entirely accurate.

      So, without further delay, why don't you try to refute on statement of fact from my quoted post.

      Of course, because you cannot. Please, stop it with your ridiculously one-sided tirades and false accusations. Thank you.

      Of course, if anyone cares to see who is correct on this subject, see a Seeking Alpha article by Mr. Richard Shinnick and my refutations of the same. JBMaria staunchly supported Mr. Shinnick's article. I'll leave you to review the last Q's numbers to figure out who was correct, Shinnick and JBMaria, or myself and other ETFC longs.

      Further, Mr. Shinnick did not disclose that he was short financials in general in that article. That was in bad form.
      View article »
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