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The Case for Etrade - Longs : June 4th, 2008

Etrade has had a mighty fall this year (actually last year) due to the credit crisis and subprime loan fallout. It was 25 last summer and got as low as $2. I considered entry at $2 but fear kept me out. I had even considered a run on all my Etrade accounts.

Well, it's June and it's really leveled off around $4 and looks like an excellent long entry point.

I see 2 favorable articles that discuss ideas. I especially like the Covered call option, as it's a 17% gain by Jan'09 if the stock goes nowhere and 42% gain if it gets to 5 from 4. I do believe downside is minimal.

Links to articles>
E*Trade Covered Call Idea
http://seekingalpha.com/article/79105-e-trade-covered-call-idea?source=yahoo

Who Will Trigger E*Trade's Magic Moment - and a 111.4M Short Squeeze?
http://seekingalpha.com/article/79254-who-will-trigger-e-trade-s-magic-moment-and-a-111-4m-short-squeeze?source=yahoo

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