Greed, for Lack of a Better Word, is Good!

Still holding ETFC as it seems to be selling off a little this morning after a huge run-up on Friday. It definitely sounds as if ETrade is for sale and that a deal will get done. The question is at what price?

The latest media reports are that both AMTD and SCHW are looking under the hood and that the hold up is all about finding a fair value for those mortgage-backed securities that got ETrade in trouble in the first place. At this point, I am still up 30% and looking for more.

I think that the deal gets done this week and it will be for more than the value the market is placing on the stock at the moment. Greed, yes, greed is keeping me involved with this very speculative play at the moment.