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Non-Tech : E*Trade (NYSE:ET)
ET 16.97+0.1%Nov 18 3:59 PM EST
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To: italiana who wrote (7767)7/24/1999 11:07:00 AM
From: ecommerceman  Read Replies (1) of 13953
 
From Jeffrey Bierman of Bierman Capital Management in Silicon Investor's newsletter:

"Q: Are there any areas of the Internet you would
particularly avoid?

A: I would avoid 90% of all Internet stocks,
especially the retailers, the business is too
competitive. The Internet retail market is overly
saturated. Most will be absorbed or out of business
and for that reason I would avoid most of them.
I would also avoid online brokerage firms. I do
not see how Ameritrade, National Discount Broker
and E*Trade will survive on a cost competitive
basis charging $8 per trade. Pricing wars will
kill the online brokerage stocks. Unless you are
the dominant player, it is not worth the time to
figure out who will survive the pricing war."

Perhaps someone needs to tell Jeffrey that E*Trade's lowest per trade cost is $15, and the vast majority of them are made at $20. Of course, to expect accuracy from someone who does nothing else but advise folks where to put their money is probably a little too much...
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