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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Rangle who wrote (35580)8/16/2007 3:29:49 PM
From: Bucky Katt   of 48461
 
Shares of E-Trade slumped 22% Thursday afternoon as investors grew increasingly wary of the company's mortgage holdings and there was pressure on the stock from heavy negative sentiment in the options market.
Earlier this week, Citigroup analysts said, "We view the lack of any new meaningful disclosures around the composition and quality of the $28 billion mortgage portfolio as concerning." The analysts estimated that net unrealized losses grew to an all-time high of $335 million at E-Trade. It added that it would be difficult for E-Trade to refinance the portfolio without taking a meaningful earnings charge.

They got it back over $13 from under $10, so some kind of bailout is happening.

Manipulation to the max in the attempt to keep the system from collapse?

I used to refer to ETFC as E-Turd... Seems appropriate now too.
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