E*Trade Sinks on Liquidity worries, Risks continue to mount

Tags: ETFC, E*Trade Financial
12 Nov 12:25pm
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Investors fled from E*Trade Financial (ETFC) this morning as rising worries or more loan loss write downs and the possibility of a liquidity crisis hit the stock. Shares fell over 50% in the early market hours on the heels of an analyst report that brought up the possibility of Bankruptcy. No, this analyst didn't get Wheel Of Fortune re-runs mixed up with E*Trade, there are legitimate concerns

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ChrisKrasowski

WC Power Tech Fund founder. Chris sets out to prove that the new generation of investor can emerge from nontraditional circumstances. An engineering graduate from a Canadian University, Chris developed his passion for investing and the markets at an early age and personally owned his first stock at the age of 16. Now 24, with work experiences in the banking and investment banking industries in front of him and behind him, Chris built a personal trading account into the unofficial WC Power Tech Fund. The fund's official blog gives Chris the opportunity to write about investment topics of all shapes and sizes giving insights, opinions and market commentary to seasoned and new investors alike. Visit: http://wcpowertechfund.blogspot.com