AMERITRADE HLD A (NASDAQ:AMTD) Message Board

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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)

AMTD 1.000

-2.0%

Jan 27 3:59 PM EST

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To: AugustWest who wrote (736)	1/20/1999 11:19:00 PM
From: Gil Gilbertson	of 1848

Food for Thought before we get too excited.... From a technical pt of view, the gas is coming out of the bag on the internet stocks. The top was put on Amazon 80 points up on 30mill shares . Its been downhill bigtime ever since. Onsale broke down today after announcing they will sell anything for cost, what a way to do business...Yahoo looked like it had lead in its pants and dove to the bottom of the tank, This will trigger downside action as the ecommerce players get nervous over a profitless business. Etrade tried all day to get up to the top at 100, but liquidation won out and it closed down at 86 ready for another sell off. Ameritrade already discounted todays report. We will probably get a sucker rally early on of 2 to 4 points followed by an exit to the cellar door. After all 13 cents looks a little insufficient with Merrill and the other biggies waiting in the wings with their Online sales offering. I am sure we will soon see margin calls going out and restrictions on trading, such as 60 per cent cash or more . Tomorrow looks pretty shaky, even for the big board as Greenspan has em nervous and this market wants to pull in for a while. Be on guard for a turn in the momentum bigtime. On Ameritrade, the best we could possibly see is a double top around 69, my guess is about 4 pts up to 61 very briefly....good fishin.gil

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