Seeking Alpha

CrossProfit_ » Comments » Single Comment |

  • Insider Confidence Makes E*Trade a Buy [View article]
    Ian,

    1)The amount of shares bought by insiders at these prices is of no consequence as they can issue themselves more shares at $0 on a 1 to 1 basis. This would bring down the average price to $2.03 per share.

    2) Billionaires have deep pockets. After a billionaire purchases a million shares or two, they usually wait to average down. You never know up front if they were counting on this method. If so, by the time they make the third or fourth purchase, you are already out of cash. If the public starts buying tons on margin, there will be a margin call. You shouldn't try to play this game as you do not have the same resources and you will only get burned.

    Disclosure: Opinion of a CrossProfit analyst (topic is not related to website).
    Feb 17 16:26 pm |Rating: 0 0
All Comments by CrossProfit_ »
Comments by Ticker
AA, AAP, AAPL, ABK, ABT, ABX, ACI, ADBE, ADM, ADP, ADRE, ADRU, ADSK, AEE, AEO, AET, AFG, AGEN, AGN, AGO, AHBIF.PK, AHL, AIG, AKAM, AL, ALE, ALL, ALTR, ALVR, AMAT, AMD, AMLN, AMR, AMSC, AMTD, AMZN, AN, ANAD, ANF, ANR, ANSW, APA, APOG, ARLP, ARO, ASBC, ATHR, ATI, AUO, AUY,
CrossProfit_'s
Comments Stats
567 comments
Rating: 19 (21 - 2 )