22thoroughbred

How E*Trade Is Trying to Survive in the TARP Era

I bought (so far) 100 of the Jan $2.50 calls for Jan 2011..I will also buy some $5 strikes once the bond deal is done, for about .30, than I have just over 18 months for the company and the sector to resolve their issues, than if it is a 5 bagger, and does go to $7 my $2.50 calls will go from .50 to $5.00...good luck

Analysts Will Soon Upgrade E-Trade

I bought 1000 Jan 2011 calls strike price $5 and paid .25 may buy some $2.50 if I can get em for less than .50

Shorting E*Trade Just to Keep the Price from Going Up?

Last week I bought 250 of the ETFC Jan 2011 calls strike $5 (OYNAA) for .40 each, cost $10k plus comm. If the stock goes to $7.50 anytime in the next 18 months there worth $3-$4 each or $75k-$100k I did the same with GE and BAC in Jan. The Jan 2011 $10's for BAC and the $10's and $12.50 for GE...have already made 2-4 times the investment and I have 18 months left....think longer term with stocks like this. BTW, did ODP as well, and all these trades are posted here when I did them, so not past posting.

Shorting E*Trade Just to Keep the Price from Going Up?

Advill, what you say is not probable, majority shareholders must file 144 paperwork whenever they buy or sell, and the volume is too high to be avg. shareholders, so it can only be hedge funds who own less than 4.9% and want to hedge or minimize risk when convertible bond deal is done.

Shorting E*Trade Just to Keep the Price from Going Up?

I think Hirendu makes a good point, while the market was strong there were big short posns. taken, what probably happened was hedge funds sold short and used the shares they get from the secondary to cover, if the secondary is done below market price (as many have been) you have free profit. With the secondary done the pressure of the shorts dissipates and the stock can go up.