It really tanked today so far. I just closed out my position at a 10% loss. I am assuming all the bad news going around is affecting it.
This has been chopped from what $3-5 almost 3 times over the past 4 months. This baby is on life support like so many. This stocks pattern reminds me of VG. I wouldn't get involved in an ETFC trade unless another monster gap down on maybe BK news. I think most of the EV has been extracted. I would make a gamble long on it at .99.
Give it a rest. The current price level is very attractive for longer term players. Lets revisit this thread 6 month from now.
I'm just saying it has been whipsawed for big % moves more than enough. More power to you if you hold it long term and get a double from here. Just saying there will be juicier trades than ETFC and similar scenarios and action on other stocks like it has had. Worst case is I think it gets into a tighter range maybe like a SIRI.
Thanks for all the input!...I'm in for the long, in hopes they put out a good first and second quarter, needless to say I'm in DEEP