E*Trade (Nasdaq:ETFC) is about to announce earnings. Keep in mind this Bear Case Scenario as management speaks to the numbers. The business model is easily replicated. Active traders come and go. usually go when the market drops. Everyone is predicting a major correction. E*TRADE needs to become more firmly entrenched with high net worth accounts and not just day traders who are pretending to have money.
George Gutowski writes from a caveat emptor perspective.