NEW YORK (TheStreet) -- E*Trade Financial (ETFC) shares slumped late Wednesday after the online broker announced its largest shareholder was planning a secondary equity offering.E*Trade said that two affiliates of Citadel Investments are selling a total of 170 million shares of the company's common stock, pursuant to the filing of a shelf registration statement with the Securities and Exchange Commission. The sale also includes an over-allotment option for underwriters to purchase up to an additional 25.5 million shares of common stock, E*Trade said. [more]
watch it nudge tick by tick...
analyze the day bit by bit.
another soul has lost its gaze...
beneath the market's greedy haze.
long or short, gold and swine...
our role indeed is quite benign.
stay on top, watch it creep...
another soul has fallen deep.
I had sold a portion of my position back in Jan at 8.96. Back in today with a double at $6.78...I missed the conference call and assume that the power point must have totally cleared the room given the sell off...numbers seemed on target.
Bit off some CNU at 3.66 today. A bit impulsive but it kept me from doubling down on NBG. No reason to turn a spec play into a long term investment. CNU has a solid business model and the numbers still look good, although it has pulled back after a very solid run. It was a nice performer for me in CAPs when I closed it at the end of 2009. The Anticitrade model likes this one as well...
Time for the second wave!
I have been eyeing it since back and January when it was around the same mark (17.00)...watched it nose dive into the 13's and back again. Somewhere along the way I was convinced by one of the countless Sinch blogs to take it serious and today I used today's "pause" to get in the game. [more]
Any thoughts on how one would approach today's news on Cerberus taking DCP private? [more]
Perhaps there are better places to invest my hard earned cash on speculation. [more]
I pulled the trigger on some AZN today. The combination of big pharma, yield and potential value just had me itching to get some funds out of the Money Market and into an alternative. A trifecta of pure pleasure... [more]