Thursday, November 8, 2007
GOIH Global Capital Markets: ETFC down again today, 52 week low.
Etrade Financial is down 6.75% again today, further adding to the swoon the stock has taken this year. The company has dropped from a 52 week high of $25 to the $8.32 today a 52 week low, with no end in sight for the losses. As we have reported here earlier, ETFC is doomed and the end is in sight. ETFC got caught up in the mortgage market crisis and the OTCBB trading litigation concerns are doing the company in. We see ETFC lowered before it goes higher.