kagame

E*Trade: Living on Borrowed Time?

Economic recovery would benefit Etrade's pps far more than any other stock I have heard of lately. As the market continues to rally on a supposed end to this recession, Etrade will move drastically higher.

What people like Al the Pal fail to realize is that all the bad news is baked into the stock price. I have read numerous sources say it is trading below liquidation value, Citadel or no Citadel.

Also consider the high % of the float short. If we see encouraging economic indicators that might bode well for the housing industry and the mortgage portfolio, Etrade will skyrocket.

This is all about risk reward. Etrade cannot go below $0.