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Non-Tech : E*Trade (NYSE:ET)
ET 16.71+1.7%12:59 PM EST

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To: Spytrdr who wrote (8629)9/28/1999 11:14:00 PM
From: Raybert  Read Replies (1) of 13953
 
<<psst! anybody here?>>

Yeah, but don't tell my mother. She thinks I'm playing piano over at the cathouse.

<<looks like i'm the only long investor in EGRP left!
... don't you guys think the selloff in EGRP is getting a bit "overdone"?>>

Well, I hope so. On an intuitive basis, they have lot's of customers, a big share of a new and growing market, and a plan to exploit new opportunities in related financial services. Long term, this looks like a lay-up. The high valuation compared to their competitors, and general market weakness make me wonder if this is the bottom yet.

Nevertheless, I'm in as a new long and I hope to feel pretty good about this in a few months.

Up, up and away...
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