Buying a stock that is down 50% on the day just because its "down too much" is just as dumb and amateurish as shorting any of the momentum stuff that is "up too much".
I see e-trade doing a lot of selling today. Probably clients liquidating so that they can close their accounts.
Can your broker allow you to short? I tried to short in my ameritrade account this morning but it did'nt allow me.
The writing has been on the wall for quite some time, those who still have money at E-Trade are really asking for trouble. Congrats detective!!! I guess you have your whole portfolio in etrade puts since you saw it coming!!