Quantcast

E*Trade’s Stock Continues To Slide

How low can it go? Oh yeah . . .

Get the WebProNews Newsletter:


[ Business]

A lot of people will be taking a few days off around Christmas, and in most cases, a casual "see you later" will do.  We want to say "goodbye" to E*Trade, though, because the company’s stock is approaching $3 per share, and, well, that’s just not healthy.

We’re not predicting that the company won’t exist at the end of December – the farewell is just a precaution.  Still, a six-month view of E*Trade’s stock looks like the sort of ramp onto which you can drive your car for an oil change – a few bumps for traction, but otherwise just a steady incline (or in this case, decline).

Henry BlodgetHenry Blodget has even written an article titled "E*Trade’s Long, Quiet March Toward Zero," and today he listed various measures that haven’t put on the brakes.  "The cries of ‘irresponsible analyst!’ weren’t enough.  The assurances of financial solidity weren’t enough.  The ads promising that most deposits are insured weren’t enough.  The dumping of CEO Mitch Caplan wasn’t enough.  A $2+ billion bailout by Citadel wasn’t enough."

Look for E*Trade’s employees to start writing Santa, clapping their hands for fairies, and trying whatever else comes to mind, at this rate.  To its credit, the company survived some bankruptcy rumors early last month, yet it hasn’t exactly come roaring back.

E*Trade’s Stock Continues To Slide
Top Rated White Papers and Resources
  • ETFC upgraded $12.50

    analsyts love hitting beat up stocks over and over..
    they say because of oil.they downgraded .. if you want up why don’t these idiots downgrade oils.. a million times over and over.. and see it oils don’t tank..
    seems to me that these crooks hedge positions for friends and paid off buddies.
    sec should shut analsyts from giving crazy opinions that forces small investors to panic and sell. i’m long jblu and fly jblu and to me jblu is the best air liner on planet.
    and now analsyt should of upgraded and these crook downgrades because shorts got burnt on luthansa news..
    SEC should investigate theses crooket analsyts calls..
    we all see that they hide in oils. so they downgrade anything that is an obstacle. bottom line is don’t ever listen to analsyts from here.. they way over do it with their con games and scams… I’M LONG and see easy triple from here..

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom