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

ET 16.26

-1.3%

3:59 PM EST

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To: Big Al who wrote (9200)	11/5/1999 12:23:00 AM
From: Spytrdr	Read Replies (1) of 13953

patience will be rewarded handsomely. this year's price action in EGRP is a carbon copy of last year's, the charts look exactly the same, peaked in april (in 98 it was $ 47 pre-splits) then long slow inexplicable and frustrating decline until october, until a shakeout day of massive capitulation (it fell to $ 10 intraday), and then it went thermonuclear (up more than 1500%) until april of this year. we'll see what happens this year, but this is the best time to own EGRP. i've always followed it very closely, because i'm fascinated by this company. last year i kept wondering how would feel a guy who bought at the $ 47 peak in april 98 and sold in a panic in october 98, to see the stock ride 1500% after that without him... an anecdote: Paul Allen sold his 25% stake in AOL in 1994 for a meager $ 100 million, a stake that would be worth now some $ 33 BILLION... though noone in this world can guarantee we'll see a similar performance with EGRP, i'm pretty sure very good things will come down the road to those who are patient.

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