wheres ETFC going now?

Discussion in 'ETFs' started by busajimmy, Feb 5, 2008.

  1. next time a bear market rally begins maybe you will find etfc at $1-$2 ride it up to $5 for a 300% gain

    nobody complains about a 3 bagger
     
    #11     Feb 5, 2008
  2. narballs

    narballs

    i bought some calls thinking their retail division is still healthy, am i missing something? even their tv commericials talk about the mass number of new signees :)
     
    #12     Feb 5, 2008
  3. retesting 5 resistence today. Looks pretty good considering sector performance today
     
    #13     Feb 8, 2008
  4. A close of 5.60 will foster a quick move to 7. ETFC is in alot better shape that you see. They're picking up accounts and insiders are buying.
     
    #14     Feb 8, 2008
  5. My Feb 05 CC. :(
     
    #15     Feb 8, 2008
  6. narballs

    narballs

    i totally agree, i know a few friends and family who have recently opened up accounts with etrade. Their service and technology is awesome.
     
    #16     Feb 8, 2008
  7. jjk2

    jjk2

    why did etfc fall so much ? b/c of suprime loan exposure ?
     
    #17     Feb 8, 2008
  8. yep the former ceo decided to dump the entire book on buying subprime loans, then a nice analyst at citi caused a panic bank run.

    I am sure if you do a search will find the whole story, reads like a bad fairy tale :)

    Basically a company with a strong core business and a very bad book.
     
    #18     Feb 8, 2008
  9. jjk2

    jjk2

    interesting....so are you implying it is heavily undervalued ?
     
    #19     Feb 8, 2008