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debt it has on its balance sheets, how much it can refinance and how those losses will affect the rest of its
income.
In the meantime, they’ve been raising capital and issuing new stock.
Until Wall Street feels comfortable with these items, they’ll be cautious. That means smaller investors have
the ability to take advantage of this emotional seesaw and profit from E*Trade’s gyrations.
Who knows if we’ll see another 250% gain. But if the stock price moves back to its April highs, it would
represent a 100% gain from today’s price of $1.25. Not bad by any stretch for a short-term gain.
Original Article
income.
In the meantime, they’ve been raising capital and issuing new stock.
Until Wall Street feels comfortable with these items, they’ll be cautious. That means smaller investors have
the ability to take advantage of this emotional seesaw and profit from E*Trade’s gyrations.
Who knows if we’ll see another 250% gain. But if the stock price moves back to its April highs, it would
represent a 100% gain from today’s price of $1.25. Not bad by any stretch for a short-term gain.
Original Article
| E*Trade Attractive Again? by Investmentu.com, June 22, 2009 |
Almost four months ago we discussed E*Trade Financial (Nasdaq: ETFC) and it’s
forgotten brokerage profit center. In the month afterwards to April 17, E*Trade
climbed an impressive 248%.
That price has fallen by almost 50% since – and it’s just one of the reasons why
we’re looking at E*Trade again. The larger basis behind our attention to ETFC is
the short interest.
In March the short interest was 13% with 70 million shares being shorted.
Currently it stands at 16% with over 90 million shares shorted.
Ultimately, E*Trade’s issues come back to the amount of non-performing mortgage
forgotten brokerage profit center. In the month afterwards to April 17, E*Trade
climbed an impressive 248%.
That price has fallen by almost 50% since – and it’s just one of the reasons why
we’re looking at E*Trade again. The larger basis behind our attention to ETFC is
the short interest.
In March the short interest was 13% with 70 million shares being shorted.
Currently it stands at 16% with over 90 million shares shorted.
Ultimately, E*Trade’s issues come back to the amount of non-performing mortgage
| InvestmentU.com is an impartial, no-nonsence investment advice website. Visit it at Investmentu.com. |
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