Article in Bull Market today--the information is a little dated, but it's nice to see that their analyst remains extremely long...
$$$$$ ONLINE TRADING SURGED 47% IN 1Q, Q TO Q
Online trades grew a record 47 percent to 500,000 a day from the fourth quarter
of 1998 to the first quarter of 1999, boosted by a strong stock market and the
increasing mass appeal of Internet brokerage. Online trading grew at 34 percent
to 340,000 a day between the third and fourth 1998 quarters.
The top five U.S. Internet brokers -- Charles Schwab Corp. (SCH), E-Trade,
Toronto-Dominion Bank's (TD) Waterhouse Securities, Datek Online and Fidelity
Investments -- had a 71 percent market share, up from 67%. E-Trade and
Ameritrade (AMTD), the No. 6 Internet broker, grew fastest in the first quarter,
with each processing over 60 percent more trades than in the fourth quarter.
COMMENT: Read this again and then again, and then call your broker in the
morning (or log onto your online broker now), and raise the allocation of the
online brokers in your portfolio. The growth of this industry is still
accelerating - A perfect gorilla scenario. |
