New Position: Etrade Financial (ET)
at 2006-03-22 12:06:54
This morning I finally added a discount broker to my portfolio. I had been looking at Tradstation (TRAD), OptionsExpress (OXPS), Schwab (SCHW), and Ameritrade (AMTD). Fundamentally and technically Etrade (ET) looked like the best out of the group. I closed out my position in Tesoro Petroleum (TSO). I am also close to covering my short position in China Natural Resources (CHNR).
Fiber Stocks
at 2006-03-22 12:06:54
Here are some of the more speculative fiber plays.
Avanex Corp. ( AVNX) Bookham Inc. ( BKHM) CIENA Corp. ( CIEN) Finisar Corp. ( FNSR) JDSU ( JDSU)
MRV Communications Inc. ( MRVC) Optical Cable Corp. ( OCCF) Oplink Communications Inc. ( OPLK) Stratos International Inc. ( STLW) Sycamore Networks Inc. ( SCMR)
Goldman Sachs & Google
at 2006-03-22 12:06:54
What a great quarter for Goldman Sachs (GS). I have been recommending Goldman since I started writing this blog. I have no position in Goldman but I own some shares of Lehman Brothers (LEH).
On a side note, there has been a lot of talk about a new search engine called Acoona. They have over $100 million in venture capital. A potential Google threat? Or an acquisition target?
Random Reading
at 2006-03-22 12:06:54
Cash Flows Gauge Firm's Operational Strength
Better than Google Analytics
Google News Credibility Foiled By 15-Year Old
Saddam Had WMD: The Missing Dots
Gasoline Futures Surge Nearly 7 Percent
Sony Shares Drop on Report PS3 Delayed Until November (Update1)
Online Brokers Looking Healthy
at 2006-03-22 12:06:54
Etrade (ET) one of the leading online discount brokers, released its monthly business metrics today. The retail investor seems to be back in 2006. Etrade netted 82,782 new accounts in February. Retail deposits increased to $18.7 billion in February for Etrade. Retail DARTS (Daily Average Revenue Trades) increased to 187,570 trades in Q106 compared to 128,408 trades in Q105. Looks like the quarter should be good.
Tradstation (TRAD) reported a 46% Year over year increase in DARTS for February and a 16% year over year increase in client assets.
optionsXpress (OXPS) daily average revenue trades (DARTs) of 29,200 were 64% higher than February 2005. And ending client assets of $3.7 billion were 76% higher than February 2005
Note: I am long ET
|
