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

ET 16.28

+0.2%

12:57 PM EST

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To: Esway who wrote (9820)	12/9/1999 8:31:00 PM
From: ecommerceman	Read Replies (2) of 13953

Interesting post from Financialville... EGRP vs. AMTD- Looking at the year ended 9/30/99, AMTD showed impressive account growth of 85% from the old # of 306k to the new number of 560K. Not bad, however EGRP in the same period saw account growth of 185% from 544K to 1.55M. Double the growth from double the base. In the most recent Q, EGRP signed 310K accounts, basically a 25% increase in their total, while AMTD signed on 62K new accounts, less than a 12% increase in their total so it looks like EGRP is continuing to sign on new customers at twice the rate of AMTD. I am thinking of diversifying into some AMTD but with these kinds of numbers I can't justify it. Perhaps the market will be nicer to AMTD cause they are showing a profit - but it seems quite clear to me that EGRP investing in its business is paying off with major growth. Looking at AMTD Jan $30s at under $2 for a double on a $10 run, and also NITE Jan $50s around $4 for a double on a $10 run. Mike

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