Thursday, June 29, 2006

Changing my opinion on Etrade
Now that the Fed has said what they had to say, I feel that the online brokerage sector which was one of the hardest hit during the sell off will start to recover. The reason why my opinion was 'short' even when it bounced and gained nearly 10% in one day was because I felt that inflation fears and the reason behind the sell off were still there. Things look to be different now so I am going to change my opinion to 'long'.

A few posts ago I did a techinical analysis on Etrade. I must admit that was pretty dumb as any rules would not have applied following the Fed.

0 Comments:

Post a Comment

<< Home