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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (8265)6/14/1999 12:25:00 PM
From: Jason W  Read Replies (1) of 57584
 
Rande,

I'll answer that one. SCH has nothing to worry about.

Do you think Schwab is just feeling the pinch of increased competition? NO

a migration towards DEEP discount brokers? NO

or do you see this as more significant and perhaps telling us that a top may be near in the online trading boom? NO

The answer, IMO, is that the markets suck right now, especially I-nets. As everyone knows, people sell their winners too soon, and hold their losers too long. With most everyone holding losers, the volume of trades has dropped. All the other online brokers will report the same type of drops, it's just a matter of time.

Jason W
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