http://louisgray.disqus.com/A Silicon Valley Blog for Early Adopters and Tech GeeksenWed, 14 Nov 2007 16:10:00 -0000http://blog.louisgray.com/2007/11/run-on-etrade-wont-have-my-footsteps.html#comment-429217402<p>Stephen, you were faster than me, unfortunately. I got in at about $5.50 today, which is fine, but not as amazing as yours - sounds like a great pick. I don't get all of them right, and I certainly don't have a great track record of patience, but we'll watch this one. Truth is, not everything is rational - and that's made clear on a daily basis.</p>louisgrayWed, 14 Nov 2007 16:10:00 -0000http://blog.louisgray.com/2007/11/run-on-etrade-wont-have-my-footsteps.html#comment-429217404<p>ETFC was so massively oversold, it soundly proved a point in an argument I was having with a friend about the rationality of the market. My opinion is that there is very little logic to short- and medium-term pricing, that it's all based on knee-jerk "main street" opinion rather than wall street analysis.<br><br>I'm happy to say that I did buy ETFC at 3.69 on Monday as I watched their market cap swing so low that it became a foregone conclusion that they'd either recover or be bought out. Quickest and easiest money I've made in a long time - I just wish I'd bought more!<br><br>Same with CROX - knees jerked it way too low. Sadly I bought in too soon on that one, but them's the breaks.<br><br>EMC, VMW, AAPL, the list goes on. Watch for the idiots selling and buy before the rebound!</p>Stephen FoskettWed, 14 Nov 2007 16:03:00 -0000