Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: NJHOUSE Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10679  
Subject: E*TRADE WILL DESTROY ESTIMATES THIS QUARTER READ Date: 7/1/2000 11:35 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Is the Market Overvalued?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement