You're angry because you are losing money due to your stupidity. You are the idiot. Say good bye to your $$$$$. I am short. ETFC will be trading $.30. The mantra of the knife catcher.....(I'm longterm)
Are you going to be 'ok' there turbo? wow. Who said I was angry. If you're going to turn this into a pissing contest, than so be it. 2.33 Im going to win this no sweat. Not even worried. Avg. 2.48
ETFC trades like if it's going bankrupt anytime soon. That's the message of the chart. Note I said "like if...", because nobody knows things for certain. You buy this dog in a steep downtrend and you're playing roulette unless you are some type of deep value investor with a piece of insight into the stock that the market is currently missing (which I doubt). Good luck with your position, I hope you don't lose any money because the way you're entering long on a huge down day you're sure asking for a big lesson to be taught.
By todays action, I say this is going to be one of those under a dollar dead cat plays. I may have been tempted, but I have will power.
lol been doing this since '99. They said the same garbage about AMD when it was down to $3. As for the fundamental model....yes I actually do have a model that the market is missing. I would imagine that's because of guys like you. Remember I was the guy saying high 2's @ $4. Im not an idiot. Been doing this since early '99. As for ETFC, my model cannot be applied to ETFC however due to it's off-sheet expenses. THEREFORE, im keepin the STARTER. You guys act live you've never traded a day in your life. haha. Get real. As for the "lesson to be taught".....I have a TINY position in this thing and you act like I just mortgaged the house and threw it in. I know damn well this could go to zero. It's a coin flip right now. You should know that.
Right, you're real smart. You almost blew up over a single position in CROX: http://www.elitetrader.com/vb/showthread.php?s=&threadid=108609 Good luck with your gambling addiction.
You don't need to tell us you're angry and worried. The tone of your post shows your anger and fear clearly. The stock will be below $1 in the coming weeks. Can you comprehend that the stock is falling today 20% for a reason? There is a reason it is selling off. And you are on the wrong side of it. ETFC is headed for Bankruptcy price action is showing this. Go short Kid don't catch the falling knife anymore. $2.65 knife in your chest already. Learn to read a chart, balance sheet, price/volume action, trading 101. Don't fight the tape kid.