methusalaw

The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward

To The Real Expert. I thoroughly enjoyed your comment on Schwab and your experience. If you write articles in SA sometime in the future on this or other subjects, I believe retail investors such as myself would love to read and gain from your knowledge and experience. One article of interest that I would like to read is your perspective on E*Trade's progress toward recovery, especially the company's progress in shoring up its loan portfolio.

The Online Brokerage Wars: E*Trade Offers Compelling Risk/Reward

Mr. Finn, sorry that you had to pay additional taxes because for your exodus from E*Trade after the declaration and fear spread. However, as you stated, it was your decision to leave E*Trade due to your insecurity and non-DD. E*Trade did not leave you. Now E*Trade is stronger and well on its way to its previous glory, while you sir are stuck with a tax burden and inferior trading platforms with which to trade. You should own up to the mistake you made rather than blame E*Trade for your shortcomings. I’m sure that E*Trade would take you back and treat you with the same great service and platform as the rest of us customers enjoy. Come on home, sir. By the way, as others have said, why didn’t you just transfer your stock vs. closing out your positions? For someone making as much as you appear to do trading, this was an unintelligent move or are you just a smart short trying to sway retail traders?…hmmmmmmmm.

Seeking E*Trade's 'Magic Moment'

Thanks JB for the list of excellent articles posted on SA by Cindy. Makes it easy for others to get the true information without a lot of search. Meanwhile, since you are on IGGY'd in the Yahoo message board, are you still employed by AMTD, SCHW and/or other ETFC competitor? Please post some real information that shows why any of Cindy's posts or her contributor's information is false. I would very much like to see a PLAUSIBLE argument against rather than copied posts validating her position or name calling, reputation bashing, etc. Bring on the facts, only the facts ma'am/sir please.

E*Trade Primed for a Breakout

Mr. Goodwin Sir,
I can very well understand your dilemma as an obvious short player. It must be disconcerting that if you were short in the 2s you have already lost 100% of your original investment and are very probably going to loose at least another 200% of that investment unless you cover very quickly. I wish you luck sir since E*Trade going BK extremely unlikely at this point. The measures they have taken to shore up or eliminate their dept and troubled loans, their access to federal funds, the authorization to issue additional shares if US markets degrade to point of taking out most all financial institutions will ensure their survival. E*Trade is well ahead of the recovery plans reiterated only a month ago in the 1Q review. This stock will at minimum be a 7-9 dollar and more probably 10-15 dollar stock by 1Q of 2009. You sir know and those who are long this stock know it.

I'm long this stock and also a customer of the company and attest to the great service and platform for the profession or non-professional online investor.

E*Trade Primed for a Breakout

Excuse me CJS, but you stated that E*Trade said they were doubling the "outstanding shares". That is incorrect sir. E*Trade received "authority" to issue 600 MM additional shares. These shares may be issued from time to time to offset current debt, improve operations, or for other reasons or may not be issues at all. These shares do not become "outstanding" shares until they are issued according to my understanding. At any rate, there is not going to be a wholesale doubling of shares as you would lead folks to believe.


On May 16 04:58 PM CJS wrote:

> i seriously doubt this article or any comments are going to move
> the market. no offense to any of the writers; but it is some what
> ridiculous the number of people accusing others of "talking up their
> book" in an effort to regain losses (whether long or short).
>
> that being said, etrade did say they were going to double the amount
> of outstanding shares: caveat emptor.

E*Trade Primed for a Breakout

I have been with Etrade for years and have had many calls to them. They have always taken care of any problem while I was still on the phone and within a few minutes. I believe that you must have had an issue that was beyond the control of E*Trade and most probably something of your own creation. I have also been with four other brokers and none were as stable, had better service or trading platform, and secure. I'm sorry you had a poor experience, but see nothing here that tells us what your issue was and why it was so difficult to resolve. Allegations without substance are hard to verify.


On May 16 06:01 PM John Egan wrote:

> I agree wholeheartedly with 'jackaroo' and have left Etrade because
> of the incompetent staff, the worthless replies to my emails, the
> endless waits on the phone with replies that were proven to be incorrect,
> the lack of follow through on their promises, lack of responses to
> my letters to the acting CEO, and their inability to fix any of the
> multitude of problems that they instigated. In fact, dealing with
> ETrade became a part-time job for me.
>
> The fact that one postee notes that after 500 calls, he has never
> been put on hold for more then 30 minutes begs the question.. 'Why
> in God's name should anyone ever have to call them 500 times anyway?'.
>
>
> I've said it before.. Can't imagine why anyone would buy this stock
> and in particular why they would hand over real money to these losers.
>
>
> Thx jegan ;-/