ETFC - Etrade Financial Corporation - NASDAQ

[Vegas]

This might be worth keeping on the back burner watch for a short squeeze as it is being heavily shorted...\

http://stockcharts.com/h-sc/ui?s=etfc&p=D&b=5&g=0&id=p23463897154

[Vegas]

Just as I thought a week ago, it looks like the short squeeze is underway... I missed the start as I just can't seem to stay on top of them all anymore... I still like this as a play because I think it has room to move up more... I am bothered by the fact that it is sitting on overbought so I will try to watch it tomorrow and see if I can get a sense of where this is going...

It is getting harder to read these plays as the market along with the rest of the financial world is running rampant with complete manipulation... It used to be mainly the pinkies but the entire market has now been run over with crooks... Greed is a terrible disease... It has always existed but not at these levels...

[Vegas]

I am in at 1.65...  Here we go again... 

[Vegas]

Out at 1.85... Trading way too skittish and I can't keep a constant watch on it... Just my luck they would dump it while I am unable to watch it...

[Stretcher75]

I love the quick profit. That's the way to go if the trading pattern is not on point.

[eric1960]

2.50 is very possible:


Calls:         Bid      Ask    Volume    Open Interest
09 Oct 2.00    0.20     0.25     65834         176312
09 Nov 2.00    0.25     0.30     64875              0
10 Jan 1.00    1.00     1.05     29656         264472
10 Jan 2.50    0.25     0.30     15472         160939     

[eric1960]

I would be careful about any new long position because October  will probably bring some king of corrected that will bring down most stocks.

[eric1960]

correction, not corrected. Just my opinion, markets don't keep going up w/o backing & filling. This one is overbough by most measures.

[Jack]

E-Trade rallies after reports spur takeover talk
E-Trade shares spike after reports feed speculation of possible TD Ameritrade deal

http://finance.yahoo.com/news/ETrade-rallies-after-reports-apf-4100592907.html?x=0&.v=4

[eric1960]

Meant to post this here:

http://forums.drpennystock.com/technical-analysis/volume-analysis/msg82048/?topicseen#msg82048

[eric1960]

 ETFC Jan 22 2011 Calls 2.50 - 5.00 330 Days to Expiration. Huge open interest. Says this stock will trade between these strikes. There is a very good chance this will happen

2.50       189,675     
5.00      126,409    
   

[eric1960]

There was a similar situation last year where there was a lost of call volume but the stock never moved past the strike price, I believe because ETFC issued more shares for loan loss provisions.  The call/put volume is never always right of course, but many times is. I don't think they will issue anymore shares for a long time.

I'm long 20,000 shares here.

[Vegas]

Chart looks good but resistance at 1.66...

[eric1960]

Calls:          Bid     Ask     Volume      Open Interest
10 Oct 2.00    0.17    0.20    50500            9750

[aaron28]

I think there is a really good chance Etrade will eventually climb out of the ditch. I think 2 things can happen - it will either get out of the ditch or it will be taken over. If it's taken over, there will probably be a big incline really quickly. Keep your ears to the ground.