Showing posts with label Washington Mutual. Show all posts
Showing posts with label Washington Mutual. Show all posts

Wednesday, July 2, 2008

WAMU, ETrade Move Higher

Washington Mutual (WM) and ETrade traded higher today. I have a feeling that Wamu hit its bottom at $4.80. I think its safe to say ETrade's at its bottom as well. I feel both these stocks are due for a rebound, more so ETrade. I think Wamu's more mired in the credit crisis than Etrade.

Im looking for a long term, financial-rebound play with both these stocks. 2nd quarter results should be interesting to say the least.