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Non-Tech : E*Trade (NYSE:ET)
ET 17.95-0.2%Jan 26 3:59 PM EST
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To: Francis Muir who wrote (9087)10/28/1999 4:27:00 PM
From: Spytrdr  Read Replies (1) of 13953
 
you have to own a bank -or viceversa- to play in this game, and EGRP was ahead of everybody.
smaller online brokers who cannot offer the full financial experience will fall by the wayside or be acquired.
EGRP will be one of the winners, you can bet the farm on that.
it's becoming clearer who's winning this race.
"consolidation in the sector" means that many account holders at other brokers, traditional and online, will shift their assets to E*Trade.
25% of all new online accounts being opened are going to E*Trade, that's HUGE, absolutely huge.
the Telebanc acquisition was a master stroke by Cotsakos, and time will prove it.
if only he had closed the deal earlier, the decline in EGRP would not have been so steep over these months.
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