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+---- Thread: Etraders (/thread-6328.html)
Etraders - Vanraw - 03-09-2009
I think some of you use Etrade. I have it for a trading account. I'm a bit worried. The stock is now at .60 a share, and I'm hearing S&P 500 is going to dump allot of the finacials that are in the dumps, which will force the index funds to dump more stock.
I haven't read anything about it being a risk of insolvency. But thinking about pulling out and grabbing a different brokerage firm.
Re: Etraders - Dustie - 03-09-2009
Vanraw Wrote:I think some of you use Etrade. I have it for a trading account. I'm a bit worried. The stock is now at .60 a share, and I'm hearing S&P 500 is going to dump allot of the finacials that are in the dumps, which will force the index funds to dump more stock.
I haven't read anything about it being a risk of insolvency. But thinking about pulling out and grabbing a different brokerage firm.
I have tried not to think about this. What a pain in the neck. I'll just put my blind faith in the SIPC. If my stocks get tied up for a while during a "work out" then so be it. In conditions like these, it will be a good way for me to keep myself from selling anything.
- Grieve - 03-09-2009
Doh, I use ETrade, and I hadn't noticed the stock price at all. Market cap is only $338M - you would think someone would buy them for the customer base alone.
Unless you have a huge amount in there (over a half mil), it should be safe thanks to SIPC insurance. But it might be tied up for a while if it goes under.