E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.44

+1.0%

Nov 26 3:59 PM EST

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To: Dalin who wrote (6759)	6/2/1999 4:51:00 PM
From: Going Short	Read Replies (1) of 13953

Weird theory, but it has proven to be right more than wrong. Appx. 12 trading days after a split the stock always seems to be at its lowest, I have used this little theory for the past year and I have been right 7 out of 10 times. If you apply this theory to ETrade then somewhere around the 7th 8th or 9th of June we should see the lowest Etrade will fall before the climb back up. I believe ETrade to be a 75 dollar stock, so anytime you buy below 75 "Good" buy above 75 "Risk", and before you ask where I came up with 75, I did an average of all the closing prices for ETrade over the last year and half, and the high water mark for E*Trade was 75. That how I sometime gage what a stock is really worth, P/E's never help me.

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