Comments on: E*Trade Heading To The Deadpool? http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/ Startup and Technology News Tue, 10 Nov 2009 21:50:51 -0800 hourly 1 By: Chris http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-2/#comment-2530775 Chris Tue, 11 Nov 2008 22:56:28 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-2530775 I dont know if this has anything to do with their share's dropping but they froze my account and when I call customer service I get a message saying, " sorry but we are experiencing technical difficulties". I dont know if this has anything to do with their share’s dropping but they froze my account and when I call customer service I get a message saying, ” sorry but we are experiencing technical difficulties”.

]]> By: Chris http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-2/#comment-1799297 Chris Thu, 29 Nov 2007 15:56:27 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1799297 I guess not. http://dealbook.blogs.nytimes.com/2007/11/29/citadel-and-blackrock-to-inject-225-billion-into-etrade/ I guess not.

http://dealbook...on-into-etrade/

]]> By: dial up Internet guy http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-2/#comment-1756584 dial up Internet guy Wed, 14 Nov 2007 15:24:00 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1756584 From an old ETrade customer... wow, I had no idea they got into all this loan stuff. I used to use them in the late 90's just when the dot com rush was starting. I suppose I'm like so many others, I road the wave and now sit idle. Etrade probably decided that they needed to get into other 'banking' type business segments as daytraders fell off. From an old ETrade customer… wow, I had no idea they got into all this loan stuff. I used to use them in the late 90’s just when the dot com rush was starting. I suppose I’m like so many others, I road the wave and now sit idle. Etrade probably decided that they needed to get into other ‘banking’ type business segments as daytraders fell off.

]]> By: alex http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1756270 alex Wed, 14 Nov 2007 10:47:43 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1756270 I think I have found a new broker http://www.sogoinvest.com They are offering stock trading at $3 per trade. Fractional stock shares are also available. I think I have found a new broker http://www.sogoinvest.com
They are offering stock trading at $3 per trade. Fractional stock shares are also available.

]]> By: Michael Woo http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1756167 Michael Woo Wed, 14 Nov 2007 09:20:54 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1756167 Ahh Since this is just a speculation by Duncan, I'm all relieved. Today their shares bounced back up to $5.50 which is a big relieve to me. At first, I got a shock of my life when I read Duncan's post saying that this company might go bankrupt with shares selling as low as $3.30 I have been a loyal etrade user for 1 year now and I think they provide excellent services. *I should have bought some of their own share when it hit rock bottom and make a couple of thousands today* Ahh Since this is just a speculation by Duncan, I’m all relieved. Today their shares bounced back up to $5.50 which is a big relieve to me.

At first, I got a shock of my life when I read Duncan’s post saying that this company might go bankrupt with shares selling as low as $3.30

I have been a loyal etrade user for 1 year now and I think they provide excellent services.

*I should have bought some of their own share when it hit rock bottom and make a couple of thousands today*

]]> By: Jeff http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1756061 Jeff Wed, 14 Nov 2007 07:17:18 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1756061 wow... I remember the time when E*Trade was the king of innovation... wow… I remember the time when E*Trade was the king of innovation…

]]> By: Fake Kerry Killinger http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755963 Fake Kerry Killinger Wed, 14 Nov 2007 05:39:46 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755963 My company, Washington Mutual Bank, also had a 50% drop in it's stock recently (from 46 to 19) http://finance.google.com/finance?q=wm. Please add us to the Dead Pool as well. My company, Washington Mutual Bank, also had a 50% drop in it’s stock recently (from 46 to 19) http://finance....om/finance?q=wm.

Please add us to the Dead Pool as well.

]]> By: Michael R http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755351 Michael R Tue, 13 Nov 2007 23:24:56 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755351 Some of us brought the stock yesterday and are up 40% today. Techcrunch should do its homework. Some of us brought the stock yesterday and are up 40% today. Techcrunch should do its homework.

]]> By: nemrut http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755323 nemrut Tue, 13 Nov 2007 23:10:58 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755323 Duncan, Etrade's not a startup. why would you consider worthy of the deadpool? Duncan, Etrade’s not a startup. why would you consider worthy of the deadpool?

]]> By: www.CARversation.com http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755215 www.CARversation.com Tue, 13 Nov 2007 22:24:44 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755215 Bravo! Bravo! Bravo! Bravo!

]]> By: samy http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755194 samy Tue, 13 Nov 2007 22:19:02 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755194 I thought mike fired duncan? damn. I thought mike fired duncan? damn.

]]> By: jdt http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755140 jdt Tue, 13 Nov 2007 21:55:50 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755140 I've read TC since 2005, and I've never been compelled to reply to any article until this piece of trash. If this were just some little blog, no big deal. But TC should be held to a higher standard than this when "reporting" on a major publicly traded financial institution. Is the author short on ETFC? Fire this guy. I’ve read TC since 2005, and I’ve never been compelled to reply to any article until this piece of trash. If this were just some little blog, no big deal. But TC should be held to a higher standard than this when “reporting” on a major publicly traded financial institution. Is the author short on ETFC? Fire this guy.

]]> By: pwb http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1755082 pwb Tue, 13 Nov 2007 21:29:59 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1755082 Agree that this post is poor journalism. Better journalism would have identified the ETFC situation as extremely oversold. "speculation that the company may file for bankruptcy protection" No. One (one!) analyst mentioned bankruptcy and suggested it was highly unlikely. "moved away from the fundamental product that had kept them well" No. Etrade's core business is doing as well as ever according to the same press release that you evidently did not read. Agree that this post is poor journalism. Better journalism would have identified the ETFC situation as extremely oversold.

“speculation that the company may file for bankruptcy protection”

No. One (one!) analyst mentioned bankruptcy and suggested it was highly unlikely.

“moved away from the fundamental product that had kept them well”

No. Etrade’s core business is doing as well as ever according to the same press release that you evidently did not read.

]]> By: Mauricio Pastrana http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754989 Mauricio Pastrana Tue, 13 Nov 2007 20:54:39 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754989 here's one i picked up on a random google discussion forum: take all your investment money under your etrade account and put it on actual etrade stock, if etrade pulls out, then you have a hefty profit as price will go up. if etrade sinks, then you loose your money, but being that you would loose your money ANYWAY from the sink, then there's assymetrical risk exposure! btw, like michael woo up there, i'm an international investor with money inside etrade, cant get it from here immediately without shuffling way too many documents around so, i'm sticking with it (and also, not entirely sure what the ramifications of not beins a us citizen have on SIPC and other-type insurances), ignoring the news and hoping that if push comes to shove, some competitor will step in and grab us customers. etrade still seems to be afoot though. here's one in case people want to follow up on this issue: http://news.google.com.au/news?hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&hs=Aqh&um=1&ie=ISO-8859-1&resnum=4&ct=title&q=Prashant+Bhatia+e*trade&as_drrb=q&as_qdr=h&as_mind=12&as_minm=11&as_maxd=13&as_maxm=11 -mp -mp here’s one i picked up on a random google discussion forum:

take all your investment money under your etrade account and put it on actual etrade stock, if etrade pulls out, then you have a hefty profit as price will go up. if etrade sinks, then you loose your money, but being that you would loose your money ANYWAY from the sink, then there’s assymetrical risk exposure!

btw, like michael woo up there, i’m an international investor with money inside etrade, cant get it from here immediately without shuffling way too many documents around so, i’m sticking with it (and also, not entirely sure what the ramifications of not beins a us citizen have on SIPC and other-type insurances), ignoring the news and hoping that if push comes to shove, some competitor will step in and grab us customers. etrade still seems to be afoot though.

here’s one in case people want to follow up on this issue:

http://news.goo...ashant+Bhatia+e*trade&as_drrb=q&as_qdr=h&as_mind=12&as_minm=11&as_maxd=13&as_maxm=11

-mp

-mp

]]> By: Josh http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754985 Josh Tue, 13 Nov 2007 20:53:00 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754985 bye bye blogging, hello duncan doughnuts bye bye blogging, hello duncan doughnuts

]]> By: Martin http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754980 Martin Tue, 13 Nov 2007 20:50:59 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754980 Bill Hunter, Your post is to be commended. Mart Bill Hunter, Your post is to be commended.
Mart

]]> By: dad http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754951 dad Tue, 13 Nov 2007 20:40:48 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754951 What is the most cost effectively online broker I can use now? any suggestion? What is the most cost effectively online broker I can use now? any suggestion?

]]> By: steve http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754897 steve Tue, 13 Nov 2007 20:18:21 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754897 let me explain with an example. It is ILLEGAL for Etrade to say " darn, we are losing money" and then sell YOUR IBM stock to cover the losses let me explain with an example. It is ILLEGAL for Etrade to say ” darn, we are losing money” and then sell YOUR IBM stock to cover the losses

]]> By: steve http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754863 steve Tue, 13 Nov 2007 20:03:20 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754863 Not only crap reporting but more perspective is needed. In the unlikely event that your broker goes bankrupt, this does not mean you lose your investments. They should be in a segregated protected account. the company dying does not mean your cash dying - of course illegal skimming aside. Not only crap reporting but more perspective is needed.

In the unlikely event that your broker goes bankrupt, this does not mean you lose your investments.

They should be in a segregated protected account.

the company dying does not mean your cash dying – of course illegal skimming aside.

]]> By: Ed http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754813 Ed Tue, 13 Nov 2007 19:34:49 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754813 I just purchased 1,200 shares of Etrade to add to my existing holdings. The company had a market cap of $11B just four months ago. It is true that their exposure is significantly higher than the $3B you see quoted by TC. Nonetheless, it would be hard to believe that their exposure is large enough to wipe out almost $10B in market value over such a short time frame. This is a good buying opportunity. I just purchased 1,200 shares of Etrade to add to my existing holdings. The company had a market cap of $11B just four months ago. It is true that their exposure is significantly higher than the $3B you see quoted by TC. Nonetheless, it would be hard to believe that their exposure is large enough to wipe out almost $10B in market value over such a short time frame. This is a good buying opportunity.

]]> By: Jason Moy http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754781 Jason Moy Tue, 13 Nov 2007 19:18:06 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754781 I have $5 mil in ETrade and I'm pulling them out as we speak. I have $5 mil in ETrade and I’m pulling them out as we speak.

]]> By: James Briggs http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754763 James Briggs Tue, 13 Nov 2007 19:07:53 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754763 Get the facts straight: The write downs came from third party mortgages i.e. the wholesale mortgage business, and less from their core retail banking business. Don't write about it if you don't have a clue. The chance of bankruptcy is low--they still have a decent balance sheet. And also, Google Finance really looks terrible. Get the facts straight: The write downs came from third party mortgages i.e. the wholesale mortgage business, and less from their core retail banking business. Don’t write about it if you don’t have a clue. The chance of bankruptcy is low–they still have a decent balance sheet. And also, Google Finance really looks terrible.

]]> By: Norman http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754741 Norman Tue, 13 Nov 2007 18:57:02 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754741 Oh god, i almost to set up an investment account on Etrade. Glad i did not. Oh god, i almost to set up an investment account on Etrade. Glad i did not.

]]> By: Norman http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754740 Norman Tue, 13 Nov 2007 18:56:34 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754740 Oh god, i almost set up an investment account on Etrade. Glad i did not. Oh god, i almost set up an investment account on Etrade. Glad i did not.

]]> By: Jesse http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/comment-page-1/#comment-1754681 Jesse Tue, 13 Nov 2007 18:27:01 +0000 http://www.techcrunch.com/2007/11/13/etrade-heading-to-the-deadpool/#comment-1754681 E*Trade was unjustly punished. Over $8b has been knocked off its market cap for a $3b risk? The Citigroup analyst also is a competitor to E*Trade, which seems highly irresponsible. Maybe an E*Trade analyst should say that Citigroup has a 10% of going to the deadpool and that online brokerages are recovering and see what happens :) http://fishtrain.com/2007/11/12/etrade/ E*Trade was unjustly punished. Over $8b has been knocked off its market cap for a $3b risk? The Citigroup analyst also is a competitor to E*Trade, which seems highly irresponsible. Maybe an E*Trade analyst should say that Citigroup has a 10% of going to the deadpool and that online brokerages are recovering and see what happens :) http://fishtrai...7/11/12/etrade/

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