Friday, February 1, 2008

Longshots: E-Trade

ETFC 4.97 +0.41 (+9.0%)
50-day SMA: 3.77 | 100-day SMA: 7.64
E-Trade's future is almost certainly fated to a buyout/takeover, but the question is when. The stock plunged below 3 recently, which was absolutely preposterous, and value investors dove in head-first. At 4.97, with seven straight up days, ETFC is due for a pullback. With the Fed rate cut, it'll be hard to get another bargain price (below 3).

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