Tuesday, March 4th, 2008...10:25 am
ETFC drops to support levels as CEO says no sale
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ETFC (E*trade ETFC message board) has been providing day traders with volatility, today being no different. Many traders got on ETFC hoping to see the company being put up for sale in the $8 range. The new CEO has now stated that the company is not for sale.
ETFC has reacted by dropping down to the uptrending support at $3.68 (-12%) in early morning trading. Insiders recently made purchases in the $4 range.
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