Re: Positions Thread
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Update: Well I screwed the pooch on ETFC, took a $1.00 loss per share and exited my position minus <$1007.00> including comissions.
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Almost anyone with significant mortgage exposure is likely to take an earnings hit over the next couple months. Even though Etrade bailed out of the mortgage business, this last quarter was from July timeframe. Also, even though a company may have been out of the mortgage business for awhile, if they are holding toxic paper they have not yet written down substantially, it can continue to suck earnings out of the company like a vampire for years to come.
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