Bob,
My shares are few, only around 500, but I'm keeping a reserve of approx. $20,000 in cash with E*Trade, waiting for the end of this down market (and to daytrade, always out by end of the day). I will get back in if I believe it's close to the bottom or in the $30 range. If it, and that's a big if, it sells in the $30 range I will buy and wait, what's the possibility of E*Trade going down to the teens, who cares I'll just buy more.
As for trading with E*Trade, it is like buying a car, they all will get you from point A to point B. But do I want to own a Lexus or a Ford to get to my destination. Both can and will break down, but one is more reliable. I believe that E*Trade is like the Lexus, it looks better, runs better and is more dependable. I have been trading with E*Trade for about 8 months and love it. I got really sick and tired of my broker. I have made mistakes trading online, but they were MY mistakes and I lost money from those mistakes (live and learn).
What I do believe is the future of E*Trade? It's a money making machine!!!! I also notice that most of the postings, either here or on Yahoo, Raging Bull etc. are 90% negative. That's not good for the bears or shorters, just as much as it's not good when the postings are to positive, its going to reverse and soon. italiana |
