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Non-Tech : E*Trade (NYSE:ET)

ET 16.56

+0.9%

Dec 12 3:59 PM EST

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To: Gil Gilbertson who wrote (4184)	1/10/1999 3:14:00 PM
From: Lennart Steiner	of 13953

Thanks for your -as always- very profound answer. I am not a day trader either. I bought EGRP last October at $ 17.00/share and sold half of my position on 4/1/99 at $ 55.00. Actually I wanted to sell it earlier, but due to tax reasons I took the gamble and delayed it into the new tax year. I like your comparisons to a potential scenario of the big retail players as i.e. Walmart or Barnes&Noble - Bertelsman entering AMZN's turf. There is no question that this will happen very soon. The question however is: How will the big players execute this. By building from scratch or by buying into established successful internet companies? By giving yourself an answer to this question, I think you can give yourself a good outlook on what is going to happen to the AMZNs, EGRPs etc.

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