...Does anybody know whether or not this is worth more than $6? I was pretty sure it was worth more than $10, but it's been below $5 on two different days now, and I just read that E*Trade is losing literally all their accounts, so of course bankruptcy is inevitable, right? Because they already ditched their mortgage business, so they have nothing left if they lose their accounts, right?
Well, I put real $ in already. My cost is $5.03, or 5.04 (I forget). Now, does anybody know whether or not all is lost?
That guy from Citigroup: don't expect me to look surprised if the SEC finds out he had mountains of puts and he gets arrested. Seriously, is there any basis in reality for any of the crap he was spouting? From what I can tell, only people with more than $500,000 in stock or more than $100,000 in cash have anything to worry about anyway, and then only if there's a run, and there would never be a run if not for... irresponsible, self-serving comments by out-of-control analysts (working for, say, Citigroup).
By the way, my best pick right now is TOA underfperform, a housing company that seems to be going out of business. (I don't know, I just picked all housing stocks to underperform unless I noticed them being in Latin America or something like that.) Anyway, the S&P is staying with 90 percentage points of its decline, so I just can't keep the gavel. Not until the S&P starts going back up, anyway.