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Turnaround Year for E*Trade?
After a steep dive from $25 to $2 and change, insiders are betting big that 2008 will the E*Trade Financial’s (ETFC:NASDAQ) turnaround year. Since January 30, 2008, ten insiders bought 461,649 shares between $3.99 and $4.06 on January 30, 2008.
But what’s most impressive is that they bought after a one-month triple digit move on the stock off $2 lows. That alone speaks volumes on confidence, which may explain last Thursday’s call option volume on February 4 and 5 calls, as well as March 5 and 6 calls.
Sure, the stock took a major dive in 2007, but that’s…
20Feb2008 | Anonymous | Comments Off | Continued
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