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E*TRADE gets spanked again, Subprime style

posted 851 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke

The Masters have told you in the past to avoid E*TRADE (NASDAQ:ETFC) and hopefully you didn't get burned on the 60% share drop today.  Now shares are trading around $3.67 and there's a smell of bankruptcy in the air. For the rest of the week get ready for all kinds of activity on ETFC shares, and as bleak as it may be, there could be money to be made from this stock. Citigroup analyst Prashant Bhatia downgraded E*Trade to "sell" from "hold," a forecast that incorporated a 15 percent chance of bankruptcy.  E*TRADE's mounting credit losses may prompt customers to yank deposits and could put the online brokerage at risk of bankruptcy. The analyst's comments are valid, but it's just an analysis, not the final word.  E*Trade is in horri

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