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Non-Tech : E*Trade (NYSE:ET)

ET 16.51

-0.8%

Nov 21 9:30 AM EST

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To: gladman who wrote (7784)	7/26/1999 1:42:00 PM
From: Diamond Jim	Read Replies (1) of 13953

re: "How did you know EGRP would tank?" -- #1 reason - Cause I own it<g>. #2 reason - No PE because no earnings and the market cap was way too high for a co. forecasting losses, I knew like everybody else that trading was down big in the 2nd qtr of '99 and competition(merrill) is coming. I was way too low on the earnings and actually expected them to lose -.18 instead they bettered me and earned -.10(or -.09, not sure). Costakos seemed poised on CNBC but if the market is going to correct, I will wait for a lower price yet. I also am too chicken right now to buy at 30 like I said I would do.

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