We just heard a rumor today that supposedly came from an eTrade Employee / High Ranking Executive that the company has started deceptively and unlawfully manipulating trading accounts due to extreme losses within thousands of eTrade accounts.
What we heard...
AFTER A STOCK IS PURCHASED ON MARGIN, with a 25% Margin Requirement, days, if not weeks later, the...
ETFC, Set buy limit order with other cancels other for target/stop, still learning
Position Size: 0.5% risk for 10k is 50 shares worth $2900
Buy Order: 58.00
Time Frame: August 13th
Stock just breaking out of a cup and handle base, which it spent 32 days building. the stock passes my checklist for growth and profitability.
Looking for a 25% gain on this one... Next earnings is due in mid April, so will keep a tight SL of 7.5%
Preference for this sector highlighted a while ago (see link below)
The current pickup in volatility should further help earnings
Brokers have been going up along with banks and asset managers
ETFC is now technically positive on all time frames, if slightly overbought
It closed above the 56 breakout level on Friday, after building a base...
I publish series of ideas with the same topic for example: Some weeks ago, I shared 17 short selling ideas with the topic: (Dow drops 1,175 points)
In January 11-18 I shared 9 ideas with the topic: (Bullish-Gold Futures = Buy Mining Companies)
In January 19 I shared 3 ideas with the topic: (Rising interest rates = Buy Banks)
In January 21-24 I shared 8 ideas...
This is a very weak stock from the financial sector. In 2008 it was valued at 280$, and it has been basing since 2009. Although for the very long term it is not going anywhere, the base is trade-able. I believe that during the last months a top has been formed. Now the question is if 19$ will hold or not. In one year, I expect to see this stock at half its current...
$23 has been a key resistance level this year for ETFC, and it is coinciding with the lower trend line of the recent channel. Looking for a reversal candle/pattern to go long, or a breakdown of the channel to stay out (see what happened at same level in April, as the $23 level turned back into resistance instead of holding).