Beau Cat

E*Trade: Primed To Turn Around?

God was I naive. I should have sold this gnarly beast when the wolves were howling at the door. At least I hedged some losses by selling calls against my position. The best scenario now might be a takeover by one of the larger brokerages, but in this climate of crisis and financial melt down that's not likely to happen. ETFC's best bet now depends on a talking infant with a cell phone.


On Apr 19 12:28 AM Beau Cat wrote:

> Layton is giving the right message and his actions speak loudly.
> I believe he is a straight shooter and wants to help turn ETRADE
> into a profitable company. Fear has subsided considerably, but there's
> still some risk on subprime exposure. The short sellers must be biting
> their nails right now and looking for an out as the turn around plan
> is coming together with brokerage customers returning to ETRADE in
> waves. This alone should soon spark a good short covering rally,
> especially when you consider the large percentage of shorted shares
> out there. Institutional Investors will start to take ETRADE seriously
> again and get into the buying mode too. Time to go long baby!

E*Trade: Primed To Turn Around?

Layton is giving the right message and his actions speak loudly. I believe he is a straight shooter and wants to help turn ETRADE into a profitable company. Fear has subsided considerably, but there's still some risk on subprime exposure. The short sellers must be biting their nails right now and looking for an out as the turn around plan is coming together with brokerage customers returning to ETRADE in waves. This alone should soon spark a good short covering rally, especially when you consider the large percentage of shorted shares out there. Institutional Investors will start to take ETRADE seriously again and get into the buying mode too. Time to go long baby!