View Full Version : Anyone taking a shot on E-Trade (ETFC)?
http://money.cnn.com/quote/quote.html?symb=ETFC
There has been several rumors about a buyout from other companies. Just wanted to know if anyone has bought into this company?
I picked up some hoping E-trade gets a buyout.
Lots of accounts with this company.
http://finance.yahoo.com/q?s=etfc
Looks steady at $2.84
http://finance.yahoo.com/q?s=etfc
Looks steady at $2.84
Thought I'd get a laugh here?
US stocks are closed today!!
Up to $3.57 today, but their due to come out with their earning which should be $2.59/share loss. Let us see what happens.
Bought in at $2.84/share.....Now up to $3.85/share. So far looking good!
Bought in at $2.84/share.....Now up to $3.85/share. So far looking good!
Woohoo. Bought in at $2.50 not $2.84!!!
great scott! I confused my stocks and their prices! Go Go Go Go ETFC
Up a whole $1.26/share from only several days ago.
$1.26 x 300/shares = $378 gain.
ya ya i know pocket change. However I am a firm believer in making money during this time in the market. :party:
http://biz.yahoo.com/ap/080128/apfn_e_trade_mover_corrective.html?.v=2
This is awesome news.
The Associated Press erroneously reported how much money the company's customers had in their combined E-Trade accounts at year end. E-Trade customers finished the year with $190 billion in company accounts, not $190 million.:party: :party:
Up .14/share today at $3.90. This stock is a moving!
Going strong in the morning. Hovering around $4.06 for some time, but been as high as $4.18. Be glad to stay above $4. at close. Slowly but surely. A little bit here, a little bit there!:rock:
Wowsers, Closed at $4.14/share.
The little E-Trade that could.
After hours down to $4.12/share.
In the morning this stock is at $4.55/share!!!!!! Holy Horseshoe Batman!
Hovering at $4.72 right now. Insiders are buying millions of shares.:party:
Stock is going going.....
Closed at $4.56/share. Up .42/share.
Chucka, chucka, choo choo
Keep on trucking baby. Doubled in 1 week! Gotta love it. I will have fry's with my E-trade.
Like MCD's says " I'm loving it":rofl:
removed account per user
01-31-2008, 03:38 PM
Excellent work, INRI. ETFC is one of the stocks I keep on my radar. I didn't pull the trigger though, so kudos for striking.
I think it is a buy anytime under $5. For this trade, you may want to consider selling, booking the profit, and then reloading if it dips back down to $4 or $3 again.
Seems like all the financials have gone consistently higher since about 1/18. They are due to retrace some of their steps. Not a long term threat, but a tradeable pattern.
Excellent work, INRI. ETFC is one of the stocks I keep on my radar. I didn't pull the trigger though, so kudos for striking.
I think it is a buy anytime under $5. For this trade, you may want to consider selling, booking the profit, and then reloading if it dips back down to $4 or $3 again.
Seems like all the financials have gone consistently higher since about 1/18. They are due to retrace some of their steps. Not a long term threat, but a tradeable pattern.
Wow, for a week or so there I was happy just talking and replying to my own posts. Darn it, you broke up my consecutive string of posts!!:mad: J/K.
Yes, your advice on selling and taking the profit is something I have considered. Not sure what I'll do. I'm thinking if I like E-trade's Superbowl ad's that they paid some 6 million for, I will keep the stock. If the ad's stink, I'll sell for profit, then rebuy at a lower price. :tongueout:
What other stocks are on your radar? Share and share alike. I personally don't have anything else on my plate right now been too busy.
BTW Closed at $4.97/share up .41 8.99%.
removed account per user
01-31-2008, 07:23 PM
Well in keeping with the theme of "financials getting thrown out with the bathwater"...
I just sold 1500 shares of UMPQ today, after they had moved up, almost in parallel with ETFC and WM and the others. My shares were purchased at various prices, (approximates) 500 @ $14.00, 500 @ $14.50, 500 @ $15.00.
So, I like UMPQ under about $15.25. That's where I'm looking to start "reloading" again, 500 shares at a time.
I like ETFC under $5, but I haven't acted on it yet. I'm sure any price in the $4 range is safe from much downside risk. Someone WILL take them out for $2 billion. Its a no-brainer.
WM is interesting to watch the movement of, but I would not buy it at all, because they may have legal issues. And legal issues override anything bad financial. Don't buy.
BAC and C are others that is worth following the chart. Not worth buying.
In totally unrelated sectors...!
PMID : Because in a recession, people drink more. This beer bottler has a market cap of JUST $19 million dollars! Share price hovering in the mid $2 range. They bottle many famous things like Pyramid Apricot Ale and Thomas Kemper Root Beer. I could easily see a national brewer taking them out, and adding to their portfolio of brands. I would buy PMID under $3, but it might be a long wait before anything happens. 1-2 years?
RAD : Call me crazy.... But Rite Aide, one of the most pathetic retailers in the drug store space, is looking attractive. As baby boomers age, they need more drugs. As the economy weakens, drug stores will hold up, because people still need to shop there. And finally, with a market cap of like $2 billion, they could be taken over by CVS or Walgreens. Not that CVS or Walgreens would want such an inferior store, but they could just kill the store and liquidate one of their competitors for almost nothing. I like it under $3, which its nearing that level. I believe it can go to $5 in a year.
Well in keeping with the theme of "financials getting thrown out with the bathwater"...
I just sold 1500 shares of UMPQ today, after they had moved up, almost in parallel with ETFC and WM and the others. My shares were purchased at various prices, (approximates) 500 @ $14.00, 500 @ $14.50, 500 @ $15.00.
So, I like UMPQ under about $15.25. That's where I'm looking to start "reloading" again, 500 shares at a time.
I like ETFC under $5, but I haven't acted on it yet. I'm sure any price in the $4 range is safe from much downside risk. Someone WILL take them out for $2 billion. Its a no-brainer.
WM is interesting to watch the movement of, but I would not buy it at all, because they may have legal issues. And legal issues override anything bad financial. Don't buy.
BAC and C are others that is worth following the chart. Not worth buying.
In totally unrelated sectors...!
PMID : Because in a recession, people drink more. This beer bottler has a market cap of JUST $19 million dollars! Share price hovering in the mid $2 range. They bottle many famous things like Pyramid Apricot Ale and Thomas Kemper Root Beer. I could easily see a national brewer taking them out, and adding to their portfolio of brands. I would buy PMID under $3, but it might be a long wait before anything happens. 1-2 years?
RAD : Call me crazy.... But Rite Aide, one of the most pathetic retailers in the drug store space, is looking attractive. As baby boomers age, they need more drugs. As the economy weakens, drug stores will hold up, because people still need to shop there. And finally, with a market cap of like $2 billion, they could be taken over by CVS or Walgreens. Not that CVS or Walgreens would want such an inferior store, but they could just kill the store and liquidate one of their competitors for almost nothing. I like it under $3, which its nearing that level. I believe it can go to $5 in a year.
Fine list you have there.
I'll keep those on my radar and post any stock that might warrant a look.
Theme watch "financials tossed out with bathwater" stock : FINL:itwasntme:
Wow, for a week or so there I was happy just talking and replying to my own posts. Darn it, you broke up my consecutive string of posts!!:mad: J/K.
Yes, your advice on selling and taking the profit is something I have considered. Not sure what I'll do. I'm thinking if I like E-trade's Superbowl ad's that they paid some 6 million for, I will keep the stock. If the ad's stink, I'll sell for profit, then rebuy at a lower price. :tongueout:
What other stocks are on your radar? Share and share alike. I personally don't have anything else on my plate right now been too busy.
BTW Closed at $4.97/share up .41 8.99%.
I enjoyed E-trades commercials, though I would have liked to see something completely different with their marketing. I guess I will be resorting to "off the cuff" trading come the next few days. :ninja:
I enjoyed E-trades commercials, though I would have liked to see something completely different with their marketing. I guess I will be resorting to "off the cuff" trading come the next few days. :ninja:
Out at $4.85/share.
Will keep a watch to see where it goes and decide a possible future play. As of 12:07 pacific time ETFC is @4.76/share. .22 down
removed account per user
02-04-2008, 04:32 PM
Out at $4.85/share.
Will keep a watch to see where it goes and decide a possible future play. As of 12:07 pacific time ETFC is @4.76/share. .22 down
:clapping: Nice trade... well done. The profit is now booked.
I think the shorts are going to take another swipe at these...
They don't care that the prices are already too low, they will drive them even lower, because the Fed doesn't meet again until March 18th. They have until March 14th to pummel the financial sector again and spook more people into bailing out.
My prediction is that during the next five weeks, all these financial stocks are going to retrace their lows. The patient trader will have another chance to do this all over again!
http://www.bloomberg.com/apps/news?pid=20601087&sid=arlmHww106xA&refer=home
Traders see a 64 percent chance the Fed will cut its target rate for overnight bank lending by half a percentage point to 2.5 percent at its March 18 meeting, futures on the Chicago Board of Trade show. The balance of the bets is for a 25 basis- point cut.
removed account per user
02-05-2008, 03:29 PM
Adding INTC to my watch list... Very attractive here.
Adding SBUX, also looking irresistible. Purchased 1000 x SBUX @ 18.79.
RAD is rapidly moving in to position for a trade. ETFC, UMPQ still look like they have more downside.
Adding INTC to my watch list... Very attractive here.
Adding SBUX, also looking irresistible. Purchased 1000 x SBUX @ 18.79.
RAD is rapidly moving in to position for a trade. ETFC, UMPQ still look like they have more downside.
INTC is near 52 week lows as well as SBUX. Those dollar coffee's may be helping their stock.
Eyeing Rad closely, but I believe your right, it may go lower still. ETFC I'm not sure about, but I am watching the stock. May pull the trigger on RAD real soon.
RAD @ $2.84 as of now. Looks tempting.
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02-06-2008, 02:58 PM
Today's rally failed miserably... stocks are going to pull back a bit more. Should retest DOW 12000.
I probably jumped in a few days too early on SBUX. Its not a big deal, I'll just have to wait a few more days on the back end to cash out.
My target on RAD was probably a bit high as well. While under $3 may be a value, this stock should test 2.50 in the coming days. That would be a great value.
UMPQ and ETFC are still treading water. Traders are probably waiting to see if the Europeans and English cut their rates tomorrow before shorting too hard. Either way, even if the stocks pop up a few percent from here, I still believe they will retest lows before the March 18th Fed Meeting.
removed account per user
02-08-2008, 01:37 PM
Sideways action... nothing much going on.
A few things of note. While the decline in financials has resumed (WM, WB, UMPQ, WCBO, C) a VERY notable exception is none other than ETFC.
ETFC of course started to go back down, by about 10% to $4.50, but then, miraculously, it is going AGAINST the trend today; ie when virtually all financials are down, ETFC is up, substantially.
Maybe the market knows something here, a possible takeover? Who knows, but its a terribly bullish sign when ETFC is outperforming by such a margin.
............
PMID is becoming untradeable. Today, there were 0 shares traded by 2:30 PM EST. With that low of volume, the spread between BID and ASK can get downright crazy. On the flipside, you could enter an order to "buy 10000 shares at 10 cents" and hope that some schmuck puts his PMID up for sale with a MARKET order, then your bid would be the only open order on the books, and it could fill at that level :devil:
..........
Adding UNH to my watch list
Ran across Novastar Financial Inc and was amazed how it came down from $73.52 hi stock price to a little over a $1.20 low recently. Lot's of issues with this company including a potential BK.
UNH nearly lows, had a nice spike several months ago. Could be a play.
Adding Epex to my watchlist. Possible buyout or merger.
removed account per user
02-11-2008, 03:36 PM
Ran across Novastar Financial Inc and was amazed how it came down from $73.52 hi stock price to a little over a $1.20 low recently. Lot's of issues with this company including a potential BK.
UNH nearly lows, had a nice spike several months ago. Could be a play.
Adding Epex to my watchlist. Possible buyout or merger.
I've looked at Novastar... Believe me, its no CFC, let alone an ETFC. This company really will go into default. And its the BONDHOLDERS who take over, not the STOCKHOLDERS. :(
Novastar currently has about $250 million in cash, and a leveraged free cash flow of - (negative) $1.5 billion. Meaning they should be bankrupt in about 2 months. Book value of - (negative) $8 / share. Nobody will want to save them.
EPEX is looking sweet... I may have to swap into that as my current small cap oil + gas explorer is not doing much in the way of production right now (KDKN).
UNH is the perfect play for the retiring baby boomer demographic, but the only question is, when will the market decide that the "retiring baby boomer" day has come? Could be this summer, could be in 3 years. Either way, the company is making tons of cash. When the market takes notice, it will be given a higher Price for the same Earnings, 'expanding' the PE ratio.
More sideways action today. The financials all sank again. ETFC was looking like it would defy gravity for a second day in a row, but it eventually succumbed to the sector momentum.
Epex up nearly 10% .42/share.
removed account per user
02-20-2008, 05:49 PM
SBUX was a lame buy. Sold 1000 SBUX @ 18.19. It may be going up, but not fast enough for my taste. I'll take the hit.
ETFC is holding. I think its done going down. But I'm going to move in slowly. Buy 1000 ETFC @ 4.95.
KDKN is moving too slowly. Sold 10500 KDKN @ 2.29. Something is wrong when oil can gap up 5% and **nothing** happens to this stock.
ONNN is a stock I just discovered. I don't usually do this, but it was just SO beaten down, I had to jump in with both feet. Bought 10000 ONNN @ 5.82.
I bought RAD a few weeks ago when it went as low as $2.80, then the following week it continued to bottom out, as low as $2.50.
Well today RAD has been upgraded to BUY status and it trading was @ $2.89. While this may be premature I do believe the upgrade in status should help get this stock moving in the right direction.
Meanwhile, E-Trade the other day dropped into the $4.70's. Was a shocker. I thought $5.00/share was strong for the stock.
removed account per user
02-26-2008, 11:08 PM
I sold my SBUX prematurely... Howard Schultz coming back on was like Steve Jobs coming back to Apple. He shut down the company today to retrain the employees on customer service. The market loved it....
SBUX closed at 19.06...
RAD should be OK... It did dip down but 2.50 seems to be the floor. It recovered very nicely to $2.78 today, up over 6%. As the baby boomers age, it has nowhere to go but up. The upgrade probably spooked the short sellers.
UMPQ at $15.60. I doubt it ever goes back to the $14s... But I would hold off on it a bit longer, making sure that any subprime has cleared the system. But of course, by then it might be too late to really profit...
ETFC is at $4.91. It is a conundrum, because TD Ameritrade probably stands to reap the benefits of bad news from ETRADE, and probably has the better business, yet ETFC is so beaten down, that I'm holding it long because it is valued at $2 bn, making it ripe for takeover.
ONNN is hovering around $6... closed at 5.96. I think it too has put in a floor. Should be nothing but upside from here as the earnings come out in March. Holding my shares, patiently.
KDKN and EPEX are basically doing nothing. Makes me concerned because oil prices are very strong. What happens when prices go down? I'm staying away for now.
UNH is doing well. It is one heck of a cheap stock. Closed at $48.93. I wouldn't be surprised to see it break through $60.
removed account per user
02-27-2008, 03:29 PM
Sold 5000 ONNN at 6.22 and the other 5000 at 6.25. Hoping to reload under $6. The shorts just don't get it.
SBUX flat, ETFC flat, etc. Not much else going on...
removed account per user
02-28-2008, 05:19 PM
RAD is a classic bear-market, secular growth kinda stock. You can see that when the market is down, and (cyclical) growth stocks are getting trashed, RAD shrugs it off. People still need their meds in a recession! Up 5 cents to 2.77 today.
ONNN got trashed, down back below $6, closing at 5.98. I love it. I hope to reload anytime now.
UMPQ closed at 14.81. I was surprised by the ferocity with which the banking sector got hammered again. But maybe I shouldn't be surprised. After all, UMPQ's dividend payout ratio crept up to 70%, and their fundamentals seem to be sliding. Its interesting to watch, but I'm staying away.
ETFC, also getting bashed down about 4% to close at $4.70. Its still in a trading range. I'm not looking to pick up any more unless it really gets down to about 4.50 or lower.
UNH in theory should be performing a lot like RAD, ie secular growth, bear market stock. But it got dinged today, closing at 48.01.
SBUX at 18.57.
KDKN and EPEX at 2.20 and 4.93, respectively.
I think the shorts are bluffing. None of these are touching new lows. Its all in a trading range. Playing the volatility can be quite profitable.... If tomorrow is another down day, I'll surely find something to buy!!
removed account per user
02-29-2008, 03:34 PM
Bought 1000 ONNN at 6.01. It performed remarkably well today, but I still don't want to get all the way back in until I see what is up next week. Closed at 6.00.
Bought 1000 ETFC at 4.51. This thing is now under massive fire. Wow... simply amazing to watch this get hammered. News? I didn't see any news. Volume? Volume seemed average. So, I'm slowly getting in to ETFC. I will buy ALOT more if it goes back into the 3s. As for right now, I'm just averaging in. Closed at an astounding 4.27, down 9%, but seemed to bounce back after hours. We will see...
UMPQ again, just getting nailed. Makes me think that someone is massively shorting the entire sector. More "throwing the baby out with the bath water" crap. Should be possible here to pick out nuggets of value. I'm staying away from UMPQ unless it really just gets destroyed. Closing at 14.17 is well on the way though.
SBUX, trashed, as a bull market stock should be. But recovered after hours. Closed at 17.98.
RAD is in a trading range. Closed at 2.67.
EPEX is in a trading range. Closed at 4.80.
UNH is close to a low, closed at 46.48.
Pretty much a sell off day on the market, where none of these stocks were moved because of the underlying company, just a lot of panic selling, which is what we like to see.
removed account per user
03-02-2008, 09:56 PM
This week I will be looking to buy more ONNN, more ETFC and initiate a position into RAD.
The analyst upgrade on RAD is interesting. They specifically cited this nasty flu thats going around as something that will drive RAD to outperform the current quarter's expectations.
I have anecdotal evidence, having been to WAG 3 times in the last week, only to see lines of 10 and 15 people every time I'm at the store. Granted, Walgreens is a far superior company to RAD, but some of this spike in business must trickle down. And RAD is a company where the expectations have been lowered so much, they stand to make the biggest gains in stock price.
People buying lots of zicam, gatorate, antibiotics, dayquill, etc, enough for the whole family. :muscle: March 6 will be a big day it sounds like.
Robust Flu Season Helps Rite Aid
Rite Aid (RAD: NYSE) By J.P. Morgan Securities ($2.61, Feb. 26, 2008)
WE ARE UPGRADING Rite Aid shares to Overweight from Neutral. With the recent decline in the stock, we believe the risk-reward profile has become more favorable. We highlight two key near-term catalysts: February same-store sales on March 6 and initial fiscal year 2009 guidance on April 10.
A significant uptick in flu trends should drive sizable improvement in same-store sales. The Centers for Disease Control data indicate that the number of states with widespread flu activity has increased dramatically versus the year-ago period. We believe the retail pharmacies ...
removed account per user
03-03-2008, 11:02 AM
Initiated 2000 RAD @ 2.65
Added 5000 ONNN @ 5.85
removed account per user
03-03-2008, 03:34 PM
This analyst release is must-read info for ETFC investors. Upside is that they have about the best CEO they've ever had, downside is, no imminent takeover.
E-Trade CEO sees sale unlikely March 03, 2008: 01:55 PM EST
Mar. 3, 2008 (Thomson Financial delivered by Newstex) --
NEW YORK (AP) - Donald Layton, newly appointed chief executive of E-Trade Financial Corp. (NASDAQ:ETFC) , said Monday there are no plans to sell or break up the embattled online brokerage.
There's a pretty big reason why rivals like TD Ameritrade Holding Corp. (NASDAQ:AMTD) or Charles Schwab Corp. are keeping their distance -- E-Trade has some $12 billion in troubled home equity loans on its books. And, Layton said, this will force the online brokerage to rebuild the company, and investor confidence, without any quick fixes.
Speculation has swirled on Wall Street that E-Trade's bank and brokerage side could be broken up, and then sold off. Instead, the brokerage received a $1.75 billion capital infusion from hedge fund Citadel Investment Group to stay afloat.
'At the time, the finest financial minds in America looked at what to do,' Layton told The Associated Press. 'Notions of breaking the company up -- selling the home equity portfolio, or the brokerage only -- are not practical and do not work. Anyone who does their homework figures this out eventually.'
So, Layton -- who was been chairman of E-Trade since November and became its CEO on Monday -- said instead the board's mandate is to be 'good, long-term fiduciaries focusing on shareholder value.' The company's stock as of last week was down about 13 percent since Citadel's capital injection.
Hope that Layton, 57, would lead a turnaround sent shares up 15 cents, or 3.5 percent, to $4.42 in midday trading. That's still far below the 52-week high of $25.79 it traded at last year.
Since becoming E-Trade's chairman, Layton has won praise at Citadel for the way he tackled the mortgage mess and for helping put E-Trade on firmer financial ground. He also helped engineer last month's appointment of Robert Druskin, former chief operating officer at Citigroup Inc. (NYSE:C) , to the brokerage firm's board.
Layton retired from JPMorgan (NYSE:JPM PRH) (NYSE:JPM PRX) (NYSE:JPM PRK) (NYSE:JPM PRJ) (NYSE:JPT) (NYSE:JPM) in 2004 after 29 years, where he supervised investment-banking and retail operations at the New York bank. He was once considered to be a contender for the CEO spot, which instead went to Jamie Dimon.
This marks his return to Wall Street, and analysts believe the task of restoring E-Trade's books will prove challenging. Layton reiterated the company still has another $1.5 billion worth of write-downs because of its home equity portfolio.
'While we are encouraged that a permanent CEO has been named, we do not believe this affects what we see as a growing risk from E-Trade's $12 billion home equity loan portfolio,' said Jason Willey, financials industry analyst at Standard & Poor's. (NYSE:MHP) 'We expect further write-downs on home equity and mortgage assets, and significantly higher advertising expenses to limit earnings and pressure ETFC's liquidity.'
Last fall, the online brokerage lost billions of dollars amid the subprime mortgage crisis, and pushed it to the brink of bankruptcy. The ensuing credit crisis led E-Trade to force out its CEO Mitchell Caplan, and replaced him on an interim basis with Chief Operating Officer R. Jarrett Lilien.
Layton said there are a number of strategies being explored -- including selling any nonessential businesses and potentially seeking further capital infusions.
He also has requested that all of his 2008 and 2009 incentive compensation be in the form of equity. His employment agreement states that in those years nearly 90 percent of his total compensation will be composed of restricted stock and stock options, with no cash bonus.
'I'm showing confidence that this company can make it, with how my compensation is organized,' he said. 'We had a crisis of confidence in the fall, and our business has been mostly restored. Now it needs to be unleashed.'
Associated Press Business Writer AJ Connelly contributed to this report.
This analyst release is must-read info for ETFC investors. Upside is that they have about the best CEO they've ever had, downside is, no imminent takeover.
Caught this in between classes. Wow, finally some info to chew on. Well, slow grow could be good, looks like the new pres. has an interest in ETFC's well being.
So your in for the haul Warka? ETFC could grow quickly with the market being as sporatic as it is. Buffet thinks it will go down to 10k? hmmm.
I'm trying to find some time to search out some plays now.
removed account per user
03-04-2008, 12:23 PM
Caught this in between classes. Wow, finally some info to chew on. Well, slow grow could be good, looks like the new pres. has an interest in ETFC's well being.
So your in for the haul Warka? ETFC could grow quickly with the market being as sporatic as it is. Buffet thinks it will go down to 10k? hmmm.
I'm trying to find some time to search out some plays now.
Wow... apparently, lots of people were holding ETFC just as a speculative takeover play. Its getting trashed today...
The answer is... I will hold it through the next Fed rate cut, and re-evaluate owning it at that time. Not buying any more at this point.
Added 8000 RAD @ 2.66
(WAG just announced February comparable sales jumped 8%, RAD announces Thursday)
1 month ago, RAD was a 3 dollar stock. 3 months ago, RAD was a 4 dollar stock. 1 year ago RAD was a 6 dollar stock. If you look at the 1 year chart, you can see a steady decline from mid 2007, with a hyper decline in Dec culminating in what I believe was a bottom at $2.
http://money.cnn.com/quote/quote.html?symb=RAD&time=1yr
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03-05-2008, 01:00 PM
Sold 5000 Onnn @ 5.97
Sold 4000 Rad @ 2.82
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03-06-2008, 03:16 PM
SOLD 1000 ONNN @ 5.87. Whew.
Uhg... RAD got trashed... wish I would have sold it all yesterday. There go my gains. I can't believe their Feb sales were only up 2% while WAGs were up 8%. Actually, I can believe it. :rofl:
Book Value on RAD is 2.70. Meaning, if you shut down the company and sold it for scrap, you would get 2.70 / share. It really shouldn't go much lower. I'll wait for the next bump up.
WM is in nuclear melt-down mode, and ETFC / UMPQ are slammed as well. We are now approaching the lows in the banking sector that were established earlier this year. Interesting...
Sold my "big 3" Mutual Funds. ABCFX, CACFX, OBCAX
Man oh man. Bought in early 3rd quarter '07 saw some gains early on.... then BAM. Nothing but downhill. Finally, I decided to count my losses and move on without them.
Still holding RAD. Want to buy back in ETFC but that stock has been enimic also.
My personal outlook for the economy is becoming clearer. Higher oil prices, higher energy costs, I live in N. California(Foreclosure capital of the world), credit card defaults increasing, higher material costs, food costs, etc. due to higher transportation costs, unemployment rising, businesses closing. I sold my 3 big mutual funds vs. losing any more $$. The sound of lossing $2k+/month isn't good with those funds.
My wife and I are looking to purchase a home or condo in the near future locally. Rates are pretty good. There are 10's of thousands of foreclosures within 50 sq. mi radius of where we live now and many have come on the market for near '99 levels.
Focusing more of my attention on the housing sector. We want to pick up a great buy on a house or condo, and we believe the prices will continue to go down in our area.
removed account per user
03-11-2008, 02:33 PM
Nothing wrong with holding cash right now. Cash is probably undervalued at this point.
The Fed's bailout of the banking sector continues in waves. Today, WM is up some 19% on their latest liquidity injection.
CFC up 16%
UMPQ up 10%.
ETFC, up 7%
Another Fed rate cut is coming next week. March 18th, I believe....
BOUGHT 10000 ONNN @ 5.38
SOLD 6000 ONNN @ 5.53
SOLD 4000 ONNN @ 5.52
Great stuff Warka. Some nice profit, congrats on your money making!!!:party:
New info came out on Rad and Walgreens regarding their prior month to date sales.
Clarification: Feb. Drug Chain Sales
Monday March 10, 9:57 am ET
NEW YORK (AP) -- In a March 6 story on same-store sales at drug retailers, The Associated Press reported sales at Walgreen Co. rose 8.3 percent in February. The story should have noted that figure was for a 29-day month versus a 28-day month last year. On a comparable schedule, sales rose 4.2 percent.
A correct version follows.
NEW YORK (AP) -- Summary of February same-store sales results for drug category store chains, with percentage increase or decrease over the same month last year and accounting for an extra day in February this year.
Rite Aid Corp. 2.2 pct
Walgreen Co. 4.2 pct
I know I know, it's not like winning the lottery but hey, maybe this will encourage investors some more. Stock is up .17/share +/-6% to 2.68.
removed account per user
03-14-2008, 12:50 PM
Bought 8600 ONNN @ 5.24
QNTA is offering $1.75 per common share divy to all stockholders. Stock is @ $3.05. Stock must be owned by March 25 08.
Quanta Announces Special Cash Dividend of $1.75 per Common Share
Thursday March 13, 8:00 pm ET
HAMILTON, Bermuda--(BUSINESS WIRE)--Quanta Capital Holdings Ltd. (NASDAQ: QNTA - News) announced today that it declared a special dividend of $1.75 per common share resulting in an aggregate dividend payment of approximately $122.7 million. The dividend will be payable in cash on March 28, 2008 to shareholders of record as of the close of business on March 25, 2008
removed account per user
03-17-2008, 03:43 PM
Well, hopefully tomorrows cuts will send RAD up enough that I can get out of it at a decent price. I was not at all impressed when management came out today and said they will lose $1 Billion MORE than they previously thought. RAD is a bad company, but just when you think everything bad is priced-in and the stock is cheap, they screw it up again. I just can't own it any further and will sell my remainder tomorrow, regardless of the price. RAD closed at 2.36.
WM, continues imploding. Closed at 9.24. Should bounce tomorrow though.
UMPQ closed at 14.35.
C at 18.62... wow...
ETFC down 9% at 3.29...
UNH at 33.84. Insanity. Total insanity. This is being sold due to unrelated news in the Healthcare sector. Way undervalued.
KDKN and EPEX continue slow slides into bear-market oil-bust hell. 2.07 and 4.19 respectively.
BOUGHT 3000 ONNN @ 5.00
removed account per user
03-18-2008, 02:02 PM
Sell 6000 RAD @ 2.46
Sell 1600 ONNN @ 5.18
Sell 1000 ONNN @ 5.27
I'm into RAD until I turn a profit.
Whether my wait is a year or more. Another $0.35/share and I am out.
Can't stomach losing any more money on these paper companies.
removed account per user
03-24-2008, 09:43 AM
SELLL 9000 ONNN @ 5.48
RE: RAD - The only thing is, there may be another company that would earn the money back faster.
I really did think RAD stock had limited its downside, but then they came out with that out-of-the-blue announcement about losing an extra billion. Hopefully, they were just kitchen-sinking the quarter, trying to put as much bad news all in the past as possible.
I sold out pretty quickly after that. Since then, the stock has risen. Its up a decent amount today, so a day like today might be a good time to get out with a minimal loss. JMO.
removed account per user
03-24-2008, 12:45 PM
Sell 2000 Etfc @ 4.20
removed account per user
03-24-2008, 03:44 PM
Good action today in the finance sector.
ETFC closed @ 4.11 (10% up!)
UMPQ closed @ 16.35
WM closed @ 12.10
CFC closed @ 6.14
BAC closed @ 42.45
All because of the JPM offer for BSC going way up...
So, is this it? If the short sellers can't get these prices back down, then their precious election-year subprime meltdown has officially BOTTOMED OUT. :giggle:
Elsewhere, the semiconductor sector is snapping back from the insane world of robotic selling.
ONNN closed @ 5.60 (7% up)
TXN closed @ 29.07
INTC closed @ 22.13
Health (retail) and healthcare are still oversold. WAG posted good quarterly numbers. As they should.
WAG closed @ 38.61 (5% up)
RAD closed @ 2.65 (4% up)
UNH closed @ 35.71
I'd like to get into UNH or back into ONNN. If the shorts try to do the panic seller thing again. I think RAD is permenantly off my watch list, as is ETFC. They've disappointed me with their management execution and trust.
I would also like to explore getting into a floating rate fund like EFT. I believe these are another asset class set to bounce as the crazed selling backs off.
removed account per user
03-25-2008, 03:42 PM
Wow... a nice day on Wall Street to be sure. We've rallied since Friday, and no pullback yet.
So is subprime over? Where is my meltdown?! This can't be all they've got? Its an election year after all, and a mega-mega-mega doomsday meltdown is supposed to be in the cards here.
Ah, so, our picks seem to be doing well. INRI, totally stuck with the RAD program to see very nice gains today. You have more guts than I did, and it paid off.
RAD closed at $2.80!
Another instance of me not having enough guts. Oh, and this just kills me. ONNN was up big. Big. After I sold my position too soon. Damm... I knew that $5 - $5.25 per share was just ridiculously low. But I had no idea it would ramp back up that quickly. Now I fear I will never see those prices again. I'm going to have to look at getting back in at higher levels, like 5.50. Uhg... I'm excited to see this one shoot up, but I just feel like I totally blew it with the last trade.
ONNN closed at $5.90!!
Other financials continue a mild recovery.
WM closed at $12.70
ETFC closed at $4.20
UMPQ closed at $16.49
The small cap oil explorers are imploding. EPEX and KDKN both in downtrends. I would stay far away for awhile.
KDKN closed at $1.59
EPEX closed at $4.20
Others, less movement, mainly flat.
UNH closed at $35.28
EFT closed at $14.16
Sold RAD $2.89.......and I can wipe the sweat off my face now! What a crazy turn of events. A $.07 profit /share, but hey. Green is Green.
The Market has had some AWESOME days.
To be honest, I personally have no idea what makes the market so strong
With half of the Siri-XM deal being approved I thought Siri might have ended higher on the day of annoucement. Had a spurt on the day, but now is back under $3. I thought this would be the long awaited good news that brought them to half-track.
In other news:
EPEX
ETFC
Continue their downward trend.
Rad is up to 2.94 @ 9:00 a.m. PST.
Starting to think I jumped the gun. LOL
removed account per user
03-26-2008, 11:54 AM
Rad is up to 2.94 @ 9:00 a.m. PST.
Starting to think I jumped the gun. LOL
Its a psych out... when RAD is seemingly doing fine, benefiting from the strong cold / flu season, the stock gets trashed.
When management comes out and says "oops, we lost an extra billion dollars, at our 2 billion dollar company", the stock goes into a full blown rally.
I don't know. Maybe there is value still there, but I just can't trust the company enough to leave my money in their hands. What if they announce something unexpected again? They are LUCKY to be getting this share price IMHO.
removed account per user
03-26-2008, 11:56 AM
Bought 2000 Eft @ 14.02
Bought 2000 Fmd @ 8.50
removed account per user
03-28-2008, 02:31 PM
Bought 4000 FMD @ 7.55
removed account per user
03-31-2008, 01:14 PM
Sold 3000 Fmd @ 7.85
removed account per user
04-01-2008, 04:33 PM
Wow... a nice day on Wall Street to be sure. We've rallied since Friday, and no pullback yet.
So is subprime over? Where is my meltdown?! This can't be all they've got? Its an election year after all, and a mega-mega-mega doomsday meltdown is supposed to be in the cards here.
Dow up 391? Nasdaq 83? S&P 47?
WHERE IS MAH MELLDDDOWN!? I WAS PROMISED WE'D BE HAVING TEH MELDDOWN!!
I may have missed out on the lowest lows of some very sexy stocks. Look at mah ONNN semiconductor? I currently have none in my 'folio! This was supposed to be such a huge melddown, that the semiconductor plants would be given away virtually for free. I was supposed to be able to buy this stock again and again in the $4 range. Now apparently, that won't happen. The market has bottomed and the worst is behind us. :headbang:
ONNN closed at 6.08, up 40 cents (+7%)
And what about those precious metals? I was told that the US dollar was turning into trash, and that we'd be in the soup lines by now! Precious metals were supposed to be continuing a massive bull run this year. I was told that this was the time to get in!! LOL...
Gold plunged $33.70 to close at $887.80
Silver plunged $0.42 to close at $16.89
Platinum plunged $105.60 to close at $1937.80
Is the dollar coming back? This was supposed to be collapsing?
And what about those banks?
WM closed at $11.30 (+9%)
CFC closed at $6.22 (+13%)
BAC closed at $40.86 (+7%)
C closed at $23.84 (+11%)
What?
Ah.... well... sarcasm aside... it was a great day on the street. The doomsdayers seemed to have gone into hiding as Q2 opens up. The Democrats might really be hurting if they lose their talking points about Iraq and the Economy, so I really hope they can get some kind of Soros figure to attack this market, and give me some more great buying opportunities this summer. We will see just how much ammo is left... :party:
removed account per user
04-02-2008, 02:58 PM
Bought 2000 Fmd @ 7.55
Bought VLNC at $4.50/share last week, and just missed selling at $4.73/share.:punch:
removed account per user
04-03-2008, 03:12 PM
ONNN is just raging... Can't believe it was just at $5 a few weeks ago and I was holding those shares, only to sell for a meager gain. Uhhhhhh I can barely watch as it bounces past 30% now. :tmi:
ONNN closed @ $6.58
removed account per user
04-04-2008, 01:05 PM
SOLD 4000 FMD @ 7.75...
Dang... freaking class action lawsuits... That violates one of my stock holding rules (also why I haven't bought any WM), so I'm out of FMD entirely.
removed account per user
04-07-2008, 11:58 AM
Sold 2000 Eft @ 14.87
MGI is sinking like a rock... Moneygram International.
In a way, this stock reminds of RAD. 52 week high $30, stock currently trading at $1.21!
MGI is sinking like a rock... Moneygram International.
In a way, this stock reminds of RAD. 52 week high $30, stock currently trading at $1.21!
Update current trading at $0.98/share. 52 week high of $30/share!!!
GM under $10/share. 52 week high of $43.20, hasn't been under $10/share since 1954. That's right, over 50 years and they are back to 1954 levels. $10/share was an expensive price back in '54. 50 years later you can double down @ $10/share! :blush:
Circuit City @ $2.25/share. 52 week high $15.23/share.
Good time to get in on these companies? Possible buyouts, or mergers, or turnaround? Or a good time to watch them continually sink?
Place your bets...
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