If you trade stocks at all, you probably heard about the Etrade meltdown. What a disaster on Monday as the stock lost 58% of the value. Opening at 9 and closing the day at 3.55. Ouch.

What’s an investor to do? Fortunately, I didn’t own it before yesterday. I bought 50 shares at the bottom ($3.58) and based on my own research and a couple of the analysts I think actually know what they are talking about, this stock should rebound to 9 if not 12 within a few months. The upside potential is huge right here. Etrade closed at an even $5.00 before after hours trading continued to move the price up. I couldn’t pass up the opportunity to make an easy double, if not triple in a short period of time.

I only wish I had more capital at the time to throw into the stock because with 200 million shares trading, the liquidity is too good to pass up.

I write a lot about this stuff on my other blog, The Proficient Investor so head on over there and subscribe to the RSS feed.

Computer predicted stock trades, never guess again!

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