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Bagholders butthurt to da max at E-Trade, LOL!

|Includes: E*TRADE Financial Corporation (ETFC)

A whine and jeez party is occuring on E-Trade stock message boards as butthurt bagholders survey their portfolio damage after management's latest gaffe.  It turns out that no one is willing to purchase the debt ridden beast.

Doug Kass no doubt pumped this up just to take a massive short position, as shareprice tumbles to new all time lows in the seventy cent pre-split range. Will the dreaded fifty cent barrier be broken?  You bet! forty two cents ($4.20) is my projected target for short covering. Until then, short away, short away.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.