ETFC target : $24

(Last update: Dec 18, 2010)


E*Trade total accounts is increased


E*TRADE (Nasdaq: ETFC) posted its first quarterly profit in three years.
ETFC Q2 earnings were $35 million ( 12 cents a share) compared with a loss of $143 million, or $2.16, in Q2 last year.
ETFC returns to its core profitability might be a sustained profitability.

According the Zacks:
The significant turnaround in its results was helped by a drop in loan loss provisions in the quarter. Results were also supported by lower operating

expenses though revenue dropped in the quarter.

Both the MACD chart and the 50D MA chart look very positive

Hence we have set the ETFC target to $24.00.

Now do your home work:
(1) On the above Search Box, enter Key word: E*TRADE, do a "Lucky" search;
(2) Read at least 3 articles from the search results;
(3) If you like ETFC, buy more shares of ETFC with a limit order;
(4) If you read some very bad news about ETFC, reduce your ETFC holding;
(5) Record you purchase share price;
(6) Book mark this website: http://chartanalyst001.blogspot.com/
(7) Every week, get on http://chartanalyst001.blogspot.com/
(8) Repeat step 1 ~ 7.
Hope we will hear some of your successful stories soon.