Monday, May 26, 2008

ETFC and V....All In


After getting absolutely crushed (losses almost equivalent to a barrel of oil!) for 6 months now we have consolidated our positions to ETFC and V. E*Trade looks to be a waiting game, but one that I am daily growing more positive about. The company's turn-around plan is shaping up as promised and appears to be on schedule. Check out the long case for ETFC here:
E*Trade Primed for a Breakout
Seeking E*Trade's 'Magic Moment'
Entered a position in Visa on the dips and looking to see this one continue to perform well. This will be the 'anchor' for the portfolio. Need convincing? More Seeking Alpha perspective:
Visa Keeps Charging Ahead
We will hold through earnings season while we work on our plan of meeting our earnings goal by years' end.

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