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Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB
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To: Pluvia who wrote ()2/7/1999 1:45:00 AM
From: Gil Gilbertson   of 253
 
I guess we sort of expected something would hit these stocks and it
turned out to be their own inability to perform to their own ad
standards. To me, that is where the law suits will hit them hard. A
lot of people , I mean a lot, have been hurt by their inability to
deliver the kind of performance they advertise. Like any business
they have an obligation to be truthful and to disclose any pertinent
information that would affect an investors ability to use their
service to help him effect trades in a timely manner.

I feel they are extremely vulnerable and will have to pay off big
time when it is all said and done they will have to either find the
technology to meet their advertising claims or limit their base by
charging more and putting it into better technology. Either way it
will impact their ability to make a profit in the forseeable future and then they will soon face an avalanche of new competition. I
believe the party is over for now as I said before. gil
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