Monday, February 11, 2008

Longshots: E-Trade

I was stunned when ETFC fell below 4 in November, and the plunge under 3 last month was even more insane. Now that the Fed rate has been slashed and the worst seems to be behind E-Trade, the run to previous levels is no shock. At 4.97, ETFC is still below its 100-day SMA, not a bad price. But I prefer sub-4 as a suitable entry point.

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