Etrade and last week

Hey

Etrade is now currently trading at 4 bucks a share. There is a chance that they might have to declare bankruptcy. The Yahoo article is below.

http://biz.yahoo.com/ap/071112/apfn_e_trade_out_of_the_gate.html

The slide in stocks will slow but I am starting to believe the market will be in a trading range. This might be a time to sell some out of the money calls to pick up some extra cash in stocks in markets such as food (MCD, PEP, KO). The extra cash could be used to pick up some shares within these companies that will continue to make money.

If you are looking to speculate, look no further than alternative energy. First Solar has continued to move up into the 200 dollar range. This might continue with the oil market consistently making new highs. As long as oil is up, so will the other energy markets.

Being that it is veterans day, the thought of investing in defense contractors seems like a solid bet for the forseeable future. But do your homework and find the right company. This is just a thought.

Good luck and happy veterans day!!!!

Etrade

It seems the recent ridiculous movement of the stock market has created some decent opportunities to pick up some valuable stock at a decent price.

The one that is screaming out to me is Etrade.

The PE is 11 (very low), the growth in earnings is projected to be in the 20% range, and their exposure to bad loans is little. In fact, the most recent earnings report showed their credit rating rose!

With the volatility rising, more people have traded this month than expected. Couple that with the big boys returning next month to their desks, the company should easily make their earnings estimates.

The stock has been hammered almost 20% since their earnings release.

I recommend taking a look at this stock. I currently do not own shares in Etrade.

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