StockFetcher Forums · General Discussion · Heavy Inst buying of ETFC..manipulation?<< >>Post Follow-up
the_trade123
107 posts
msg #80670
Ignore the_trade123
modified
10/5/2009 8:17:07 PM

I do not understand this. After M4M alerted to ETFC and the website mffais.com, i have been following this stock and check this website. Was it not just a couple of weeks ago that it was said that the principal stakeholder in ETFC (CItadel) was going to dump and trim stakes whereas i find heavy buying later by Citadel on 2nd of Oct, after it sold a load of etfc shares. What is that supposed to mean?

Any ideas? I am actually trying to follow this one stock and have been buying and selling quite a bit trying to play once in a week for the last 4 weeks. They are supposed to release their Q3 earnings soon and seemingly this Q was good for them. So is this all indicative of manipulation?

Any insight will be appreciated!

Kevin_in_GA
4,536 posts
msg #80674
Ignore Kevin_in_GA
10/5/2009 8:41:26 PM

Citadel had originally planned to unload their shares, but cancelled the sale at the last minute leading to speculation that the company was a possible takeover target. Stock bounced up and down from 1.64 to a high of 2.08, then dropped back to as low as 1.51 last week. That was when it became known that citadel had dumped their shares (on the 29th and 30th of September).

Stock has begun to rebound, but who knows?

karennma
6,821 posts
msg #80718
Ignore karennma
modified
10/6/2009 10:28:26 AM

ETRADE Article:

ETFC


http://seekingalpha.com/article/164890-e-trade-appears-ready-to-climb?source=email

Kevin_in_GA
4,536 posts
msg #80732
Ignore Kevin_in_GA
10/6/2009 12:18:29 PM

karen:

Interesting article. Thanks for posting (and actually using a hyperlink!).

karennma
6,821 posts
msg #80736
Ignore karennma
10/6/2009 1:05:21 PM

Hey Kevin:
Let me know if you can read my messages in YAP. (see Yaplet thread)
(+.+)


Kevin_in_GA
4,536 posts
msg #80740
Ignore Kevin_in_GA
10/6/2009 2:29:27 PM

At work the site is blocked ... sorry. I'll definitely try when I get home.

Eman93
4,659 posts
msg #80847
Ignore Eman93
10/8/2009 11:17:04 PM

5 Biggest Stock Moves Reported In The Last 24 Hours!

Citadel Holdings I Lp Added More 50,000,000 shares of Etrade Financial Corp (ETFC).

The number of shares affected was 50,000,000 which was a 76.48% change from the 115,370,500 number of shares. The ending number of shares of Etrade Financial Corp (ETFC) owned by Citadel Holdings I Lp at the time reported was 165,370,500, these transaction(s) occurred on/as-of 2009-10-07 but information regarding them was just made public today.
Citadel Holdings I Lp was listed as a director of Etrade Financial Corp (ETFC) during the time of the transaction(s).


StockFetcher Forums · General Discussion · Heavy Inst buying of ETFC..manipulation?<< >>Post Follow-up

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