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Non-Tech : E*Trade (NYSE:ET)
ET 16.59+0.6%3:59 PM EST

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To: Diamond Jim who wrote (8113)8/19/1999 3:29:00 PM
From: Arv  Read Replies (1) of 13953
 
Yesterday's analyst cuts seem to defy all logic...flat revenues are not going to happen due to that active-trader (75+ trades per quarter) discount offer. What fraction of the revenue comes from that sub-population? How many more trades are going to happen due to the Instinet agrrement?

Last month, we had downgrades due to the reduced overall market volume in June-July. This clearly runs contrary to TD WAterhouse's earnings release. It seems to me that individuals are taking control of their investments in larger numbers (not that it's necessarily a good thing)--drop off in overall market volume in June-july can probably nbe attributed solely to institutions.
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