User 194600

E*Trade Primed for a Breakout

6.00 no . ETFC is trading at 4.40 right now on news and the market. Todays stockholder meeting should be reflecting the changes made so far and should be very positive. This alone will take us to 6.00. If positive earnings show up in Qtr2, the gap to 8.00 will be filled. With positive earnings in Qtr3, ETFC could very easily be in the 14.00-16.00 range. Remember in 2003 it climbed from 5.00 to 20.00.
You are looking at a revamped company here with management that seems to know what it is doing. 2 to 3 years from now, with a few purchases under it's belt, it could easily be trading at the high end valuations I have seen, such as 44.00.