Insiders Go Long E*Trade

It seems like a nice bottom has been put in at E*Trade now that 10 insiders are buying in at $4.06 or so a share.

"And for them to be buying after a one-month triple digit move speaks
volumes on confidence, which may explain the latest surge in option volume.
Sure, the stock took a major dive in 2007, but that's because it got itself
involved in a business it shouldn't have been in -- subprime.

They seem to have exited that flawed business to the tune of $2.2 billion and are instead focusing on their core business. IMO they need better research but other then that I really have no complaints with the company. What I think they should do is to buy out an independent research firm and start offering recommendations based on that research. It should be something like an E*Trade Recommended List that investors can check out for themselves and buy as a basket of stocks.