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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)
AMTD 1.000-1.5%Jan 15 3:59 PM EST

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To: CMon who wrote (1400)10/12/1999 11:14:00 AM
From: jon zachary  Read Replies (1) of 1848
 
yes, i do, i bought amtd at 52 and 64 watched it run up to 178 or whatever, got rid of half at 167, sold all but 100 at
150, and held the final 100 at 19 7/8 recently. i made a killing on egrp as well, and day traded jboh.

the thing with the on line brokers like any other business is competition. there are first movers, second followers and then laggards. at that point the market comes dilluted with e broker companies and the competition increases while the profit margins turn down and many have to eventually exit. i still own egrp only because i believe they are a market leader.

we all had a chance to catch the rising internet bubble and cash in, it was maybe a once in a lifetime chance. eventually, the market straightened itself out by itself, dilluting internet stocks week after week with more and more ipo's coming. supply and demand, that simple.

best regards...z
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