I am thinking about buying some E-Trade stock while it is low, cause I think it has some potential. If not, I think I could easily make about $200 to $300 if I bought it now at 4.83 dollars per share (that will give me about 517 shares) and sell at around 5.3 dollars per share. It seems like the share price of E-Trade bounces up and down everyday by about 40 cents, so I was thinking I could make some short term cash or long term (all depending on the situation)
2007-11-29 10:54:37 · 3 answers · asked by JSizzle 2 in Business & Finance ➔ Investing
I do not think you should buy it unless you can answer the following questions:
Why do you think the next move in the stock price will be up instead of down?
What will you do to limit your losses if it does not go up?
If you are using some form of technical analysis to predict with the stock price will do, have you tested your ability to use that specific technical indicator to create profits?
If you are using some form of fundimental analysis to value the stock, why do you want to sell it if it goes up $0.50 per share?
2007-11-29 12:05:19 · answer #1 · answered by zman492 7 · 1⤊ 0⤋
Yes you should. I own 4200 shares which I am holding until either the stock hits 10 or it gets bought out by another brokerage firm or bank.
2007-12-02 11:15:49 · answer #2 · answered by scootdocta 1 · 0⤊ 0⤋
I know in recent days, there has been talk about them merging with either TD Ameratrade or Charles Schwab. I would take that into consideration too .... maybe the price is reflective of that - maybe not.
Hope this helps!
2007-11-29 12:06:42 · answer #3 · answered by jhamlin15 3 · 0⤊ 0⤋