Posted by T A P ET Trading Summary Block Ticks Money Flow T A P has taken a position in ET on the open market and is not compensated in any way by any company mentioned! All information can not be guaranteed but is believed accurate and is for purpose of research and is not a solicitation to buy any security and doing so will be done at your own risk. For more information on ET see other posts on T A P message board and Yahoo News & Profile Link: Join T A P Free!!
on 5/31/2001, 8:29 am
TAP has decided to upgrade ETRADE (ET NYSE) currently $7.75 from stock to watch to New Pick as the stock price is even more appealing after the market pullback. Also ET announced today a milestone in its mortgage lending branch....E*TRADE Bank, a wholly-owned subsidiary of E*TRADE Group, Inc. (NYSE: ET - news), and the nation's largest pure-play Internet bank, today announced its latest milestone, funding more than $1 billion in mortgage originations through LoansDirect, a leading online mortgage originator acquired by E*TRADE on February 1, 2001.
ET has been under heavy accumulation as of late since the stock pulled back recently due to its convertible bond deal of $325 mil. and today is no different as trading summary below reveals.
($MM) Avg Price
Small +308 -230 +3.3 -1.8 7.73
Large +15 -7 +2.8 -2.5 7.64
Total: +323 -237 +6.1 -4.3 7.68
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