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

ET 16.44

+1.0%

3:59 PM EST

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To: Green Receipt who wrote (4905)	2/5/1999 4:25:00 PM
From: Oeconomicus	Read Replies (1) of 13953

David, we could certainly see that level again if we get another 20% market correction stirring some fear, but today's bounces off of the 20 dma convinced me it wasn't worth holding Feb puts over the weekend. Took profits just before the close. May buy them (or March ones) back next week for a move to the low/mid 30s where I'd expect some more support. We'll see. A weak attempt at a rally Monday morning would probably draw me back. BTW, what were the mgmt comments leading you to $25 as support? Bob

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