I follow E*Trade because their stock occasionally can be used for swing trading. I gave up trying to trade them recently after losing money on one trade. Once something stops working, I try not to embarrass myself by pretending it still will. I’ll continue to follow the stock to try to determine if trades will start working again (I’ll likely stick with bets on the market as a whole, though). Anyway, I found this: E*Trade may seek federal aid. Here’s the choice bit:
E*Trade lost $321 million, or 60 cents a share, from continuing operations for the quarter ended Sept. 30, compared with a year-ago loss of $59 million, or 14 cents a share. Analysts surveyed by Thomson Financial were looking for a 28-cent loss.
Well, they blew away analysts estimates, just in the wrong direction. Conclusion: The E*Trade baby is going to get cranky!
