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S&P 500: 1,317.45 Change: +0.03%
Tradeking1
P&P Score: 33.32 | Points: 0.00 | Accuracy: 27.27 | Average Pick Score: 0.00   Annual Return: N/A  
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Commentary
BUY: E*TRADE FINANCIAL CORPORATION (ETFC) Rating: 3
Start Price: $30.00
Points: -61.40
Created: 12/20/2007
E*TRADE (NASDAQ: ETFC) is holding up well in this down tape. Shares are currently trading at 3.95 per share and moving towards the top of its falling wedge pattern. ETFC has a large open interest position on the January 2008 7.50 calls, which is most likely being fueled by speculation of a takeover. These calls are still very far out of the money, but that could change overnight if a take over announcement is made.

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