Re: Etrade Potential Bankruptcy?
lol at people thinking they'd lose their stocks if e-trade went heads up.
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Re: Etrade Potential Bankruptcy?
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lol at people thinking they'd lose their stocks if e-trade went heads up. [/ QUOTE ] Art, Now you see why I try and keep my responses simple? [img]/images/graemlins/smirk.gif[/img] |
Re: Etrade Potential Bankruptcy?
Well, I just rolled the dice and got in at 3.60.
I think it's way oversold. |
Re: Etrade Potential Bankruptcy?
might go bankrupt when they have to mark to market on the 15th of november. Apparently they have a 47 billion dollar mortage portfolio and 4.1 billion in equity.
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Re: Etrade Potential Bankruptcy?
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might go bankrupt when they have to mark to market on the 15th of november. Apparently they have a 47 billion dollar mortage portfolio and 4.1 billion in equity. [/ QUOTE ] If that were true wouldn't the probability of them going bankrupt be 100% rather than 15%? Jimbo PS: I got stopped out of my last effort at E-Trade at what seems now like a miniscule loss of 62 cents per share compared to what it is selling for now. |
Re: Etrade Potential Bankruptcy?
well I think thats the market value of their total loan portfolio. Its not all mortgage loans and not all need to be marked down. But after reading a bit more im not so sure they will avoid bankruptcy. I want to buy them but its such a messy business now and after reading through their annual report its really hard to tell exactly what they make from their brokerage business as a stand alone entity. I think a good trade would be to buy nov 17 puts and dec 22nd calls as the 15th seems to be their do or die date and I doubt that it would be totally reflected in the market, but the nov options are all way too OOTM to trade.
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Re: Etrade Potential Bankruptcy?
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might go bankrupt when they have to mark to market on the 15th of november. Apparently they have a 47 billion dollar mortage portfolio and 4.1 billion in equity. [/ QUOTE ] Ahnuld, I was just going to post this about their possible exposure to the sub-prime mess I had heard rumors about last month....its another example of corporate greed...and straying away from their core business ....esp.late in the game IMO Amazing [img]/images/graemlins/confused.gif[/img] SF |
Re: Etrade Potential Bankruptcy?
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lol at people thinking they'd lose their stocks if e-trade went heads up. [/ QUOTE ] is there any chance of losing the cash in there? obv we would still have the stocks |
Re: Etrade Potential Bankruptcy?
no, cash is protected to I believe up to 100k. If you have a huge cash position just buy a bond etf for the time being.
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Re: Etrade Potential Bankruptcy?
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no, cash is protected to I believe up to 100k. [/ QUOTE ] so how does that process work exactly, the FDIC insurance? anyone here ever have cash in a bank that went bankrupt before? |
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