Opinion on  E*Trade Financial Corp (ETFC)     Sector: Financial  >  Industry: Investment Services
E Trade to profits

I first picked up ET (now ETFC) years ago when it had another financial downturn. The price at that time was floating between 3.50 and 4.50. I sold CC on her all the way up to nine dollars when I was called out. She continued up to 15 before the current downturn. Time to jump back in (under 4) and start selling CC again. This is not an overnight success story unless you play options or are a day trader, great vol. right now.

Warren Buffet made a very wise comment today (May 3) to his share holders) "Think small" returns. ET has broken four dollars. $4.25 was close as of 50208. As I suggested earlier it was a buy under four. I have decided to sell half my holdings in ET for a quick (under 4 week) profit of 25%. I will sell cc on the other half depending on the May 16 report. No dividends but options and a great growth potential. Crammer himself says to always take some of the profit off the table. I am scanning my listof plays but am not buying any at this point. I will wait for the next sell off which will come. It always does.

eom

November 15 is the target date for Hedge Funds to pay back investors.
ETFC is suffering from short selling like the majority of the market right now.  I just came across this...

"The stock market has fallen significantly and now short traders are beginning to buy shares at a record pace," said Dylan Wetherhill, president and founder of short interest tracking website ShortSqueeze.com.

I held on to ETFC in the past when it bottomed out around 3-4 and it paid off big time. Just need that first profitable Quqarter. Still holding.