E-Trade, a little known company that... MAKES MONEY. Sure they've been having problems (they all have) but let's not get unrealistic. E-Trade most likely WILL NOT file for bankruptcy. Where does that leave the average investor. I'll tell you where. It leaves them in a position to BUY. I can hold onto this security for a long period of time. I can also add to my position if it goes down, and won't feel any different in doing so. What are your opinions about E-Trade? Do you think it's going away? Yes, yes, I know, "LOOK" at their income statement. But I assure you, everything is going fine. I'll own E-Trade for a while, just like I owned Las Vegas Sands at an average of $3.XX a share. ETFC, like LVS, has a massive short interest. Unfortunately, the numbers came against that short-interest recently, and they'll be looking to buy. See, good investors can tell when buyers will buy a stock. Great investors can tell when sellers will buy a stock. ETFC is a name you can add to your portfolio, look on it back down the road, and be grateful it came you way.
$1.46 (07/30/09)
