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Varchild2008 (85.34)

If E*Trade hits $5 a share again will it drop like a rock like last time?



April 08, 2008 – Comments (2) | RELATED TICKERS: ETFC

NO......But if it does just ask the Federal Government to funnel another 999 Bazillion Dollars to Bail the heck out of E*Trade so much that E*Trade might as well FERRY all of its Investors to ENGLAND on the QUEEN MARY to fetch a Bucket of EUROS (AFTER) depositing 1000 shares of Berkshire Hathaway in everyone's account.

In short... Ignore the S&P and hold those shares... This stock won't fall back like last time.  The slow rise is for real.  Don't get all excited when it hits $5 and LIQUIDATE all of your shares and scream "Haha hahaha  ha ha h I'm rich!!! I'm rich!!!  I Liquidiated all my shares weeeeeee."

 No....  It will hit much higher and you don't want to miss out.  Sell Half instead, because you can always buy back on a dip anyhow (buy low, sell high, repeat).

2 Comments – Post Your Own

#1) On April 08, 2008 at 10:10 PM, SpaceMonkey01 (94.83) wrote:

I hope it does, beacuse even though I like the long term prospects of ETFC, I am a little nervous getting in at $5. More bad news in financials , which I think is likely, will drag ETFC back down. Definitely on my buy watch list.

 I believe ETFC had one of he biggest increases in short interest in March, so some hedgies are betting that there will be more bloodletting for ETFC.

Good luck to you on your investment (despite my selfish desires for a more attractive entry point)

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#2) On April 09, 2008 at 6:12 PM, Varchild2008 (85.34) wrote:

My entry point was 4.02 on this so I am winning so far (despite the recent minor pull backs).

But face it....  The Stock Market absolutely tanked and ETFC wetn down only 3 cents.  I think the entry point is now. 

Of course.. You'd be taking advice from someone who got smoked today.. so take my advice for what it is worth and it is worth not much.

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