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  #11  
Old 11-12-2007, 03:55 PM
ArturiusX ArturiusX is offline
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Default Re: Etrade Potential Bankruptcy?

lol at people thinking they'd lose their stocks if e-trade went heads up.
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  #12  
Old 11-12-2007, 04:12 PM
stephenNUTS stephenNUTS is offline
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Default Re: Etrade Potential Bankruptcy?

[ QUOTE ]
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]
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  #13  
Old 11-12-2007, 04:21 PM
octaveshift octaveshift is offline
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Default Re: Etrade Potential Bankruptcy?

Well, I just rolled the dice and got in at 3.60.
I think it's way oversold.
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  #14  
Old 11-12-2007, 04:40 PM
ahnuld ahnuld is offline
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Default 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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  #15  
Old 11-12-2007, 05:39 PM
Jimbo Jimbo is offline
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Default Re: Etrade Potential Bankruptcy?

[ QUOTE ]
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.
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  #16  
Old 11-12-2007, 06:05 PM
ahnuld ahnuld is offline
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Default 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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  #17  
Old 11-12-2007, 06:07 PM
stephenNUTS stephenNUTS is offline
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Default Re: Etrade Potential Bankruptcy?

[ QUOTE ]
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
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  #18  
Old 11-12-2007, 06:12 PM
etizzle etizzle is offline
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Default Re: Etrade Potential Bankruptcy?

[ QUOTE ]
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
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  #19  
Old 11-12-2007, 06:19 PM
ahnuld ahnuld is offline
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Default 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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  #20  
Old 11-12-2007, 06:24 PM
West West is offline
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Default Re: Etrade Potential Bankruptcy?

[ QUOTE ]
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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