orca

E*Trade's 'First In, First Out' Position: Yes, 111M Shorts Can Be Wrong

Veronica, was that 10% down in 2 days a bankable fact? My point is that there appears to be an inverse relationship with regard to Cindy's incessant plugging and the share price, hence the "take a hike" advice. Also, she (and others) are marketing current conditions as t.h.e. low, well let me tell you we ain't seen nothing yet. Just suppose WM or C goes belly-up, or GE catches a cold to $23, or GM/F are collected to the Big Honcho in the sky, or the Naz craters, or the USD goes Zimbabwean, or or or, than we have Cindy plugging her love-baby at $1,60 and the herd still likin' it.
E*Trade may be great (no idea, but generallly good comments) but the share-price is composed of many factors, some of them micro (the company itself) and some of them macro. And by the way, what I said about 90% of stock falling through $5 never regaining that level is a valid observation, we can argue chicken/egg here as to why, but we won't.
Finally, I am trading this cracked fountain of hope, not investing in it, and no, I am not short in it and neither do I have puts or short calls.
And a final finally, not all 111m shorts are at $4 and there's also no way of knowing if they have hedged their position, so that number in itself is not very instructive.