Future of E-trade?? (to the Investment Gurus)?

To all of you Investment Gurus out there, I was just wondering where you see E-trade going. It's been heading south lately and I'm thinking it might be a great time to buy.

How about now? When the price has dropped to $2.40???

Why would you buy them? I am curious but what about eTrade makes you think that they are a good buy? Just because their stock price fell?

If you have a ton of money, then go ahead and gamble. I have 3 basic feelings with stocks. Happy when they go up, content when I don't buy, and I feel like crap if they lose and I picked a bad company. The bad feeling is the strongest of them all. I avoid it.

Right now, the market sucks (which is great) and there are a million safer investments out there that will make you a lot of money.

My favorite right now is Bank of America (BAC). If you buy today, you get a 6.40% dividend. So just holding this stock gives you a great return. When tax time comes around, you pay only 5% or 15% depending on your income. Plus the dividend will increase over time thus giving you a higher yield.
It is $39.90. The greatest investor Warren Buffett bought BAC in a range of $48.34-$50.14 and he doesn't lose. Now that prices are even lower, do you think he isn't going to buy more?

In summary, there is nothing that ETrade can do right now that tells me that there will be a huge upside potential. I think they have more downside.

It definitely has hit a hard bottom, but I still think there is room for it to fall still. I'm not being a negative person here, just saying that the sub-prime exposure has yet to be fully priced into the stock price. There is still $1 Trillion in subprime, adjustable rates, that are set to reset this year. Though the President has initiated a plan to correct this reset, it does not include everyone. The number one reason E*Trade is suffering is their investments in the CDO & CMO subprime market.

That being said, I would go in a quarter of the way at this point. Give it a couple more weeks before heading toward increasing to 3/4.

Hope this helped.

I don't like e-trade...why you ask...there's just too much competition and I can/do trade for less than they charge at www.interactivebrokers.com. Play the mortgage bust with this quality lender with nothing but upside and enjoy a SAFE 10% dividend while waiting...Thornburg Mortgage (TMA)...here's why: Buy now at a 20% discount to value, of the 38000 outstanding loans they have only 78 are 60 days late or worse...they borrow cheap and lend conservatively (NOT A JUNK LENDER). Strongly urge a buy now as the Fed will continue lowering rates this year and next which will enormously benefit this quality company. Yes I own shares in it or I wouldn't suggest it.