Etrade(ET): $21.50
P/E: 17.5 Qtrly Rev Growth: 37.5%
Held this stock from 23 up to 27.50 but didn't sell because I was greedy. The company has been beating earning's estimates consistently and was trending up when I bought it but it seems like a different story now.There has been a huge sell-off for the online brokerage sector since inflation concerns began. Investors feared that if the bear market begins revenue from transaction commissions will be lowered.When the market is up and your stock is down, something is wrong. During the sell off, ET has performed far worse than the Dow.

Short term: Lower
There's still a risk that the fed will go too far with the interest rate hikes. Online brokerage sector was hit hard last week for this and nothing has really changed. The stock rose nearly 10% yesterday because it was oversold but still down close to 14% from May. I believe it will
trade lower than 22 until its next earnings release. I think the company is great in the long run, else I wouldn't have bought it. Investors are worried that the recent increase in online trading activity will discontinue once the market is less bulllish. Online trading is actually not a huge chunk of ET's revenue but I think alot of investors don't know this and will price this stock down regardless.