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No. of Recommendations: 13
People understand one thing. The number of average daily trades on the NASDAQ is a much better indictor than average daily volume. Online brokers commission based on trades not size of trades. THIS IS A FACT. Knowing that READ THIS

People seem to be doubting if E*TRADE will show a profit this quarter. I think I have information that will get rid of any doubts.
using stats from nasdaq-trader.com

# of non-block trades in april was 53,723,000
# of non-block trades in may was 46,331,000
# of non-block trades in june will be at least 48,000,000
if you add those 3 months together you get 148,000,000 trades.

Ok now last quarter E*TRADE had 14.4 million trades which came out to be 8.94% of all non-block trades in the quarter for NASDAQ.
The quarter before that E*TRADE had 8.5 million trades which came out to be 7.64% of all non-block trades in The quarter for NASDAQ.
The quarter before that E*TRADE had 5.1 million trades which came out to be 6.48% of all non-block trades in the quarter for NASDAQ.

Do you see the trend up here?

Lets say the percentage actually goes down to 8% in the current quarter.

EQUATION
.08 X 148,000,000 = 11.844 million trades for E*TRADE in this quarter which is only a 18% drop in number of trades. Analysts are expecting 30% drop. Do you guys follow this logic? I think it guarantees an upside surprise for earnings this quarter. Once again the street is under-estimating E*TRADE

NJHOUSE
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