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Stock Pick by Dan Ax

ETFC: volatility; floating around 3.50$ indef

Start trading ETFC with real money!

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14 ratings
Posted 2914 days ago on 12/03/07

ETFC will go DOWN
$35.00 on 3/03/08
$29.28 (-26.43% from time of market call)

P/E is in the 3's. the 3's..... you might as well go into an index fund. this is not worth speculation until they come up with a 2 yr plan or at least rumor to have starting thinking about a long term plan. e in p/e doesnt stand for electricity, its not their real estate thats having the problem (thats where you'll get you're floor), its earnings and They are very low. watch, dont buy.

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Posted 2/9/2008, 1:13 pm

Time is proving this line of thought incorrect.

Posted 1/12/2008, 4:03 am

E*T has announced a turnaround plan, booted Mitch, and have sold off some of their risky investments. They have a 400m cash reserve for their risky business. I would close off my short position soon if I were you. Jan 24th, the end is nigh shorty.

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