E*Trade (NYSE:ET) Message Board

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

ET 16.51

-0.8%

Nov 21 9:30 AM EST

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To: SLSUSMA who wrote (10100)	12/22/1999 4:24:00 PM
From: Spytrdr	Read Replies (2) of 13953

the Nasdaq will not "tank". SCH is going to make a double bottom at $ 30 tomorrow, if it wasn't today. forget charts and think for a minute: is there a fundamental reason why EGRP should be going down? besides the fact that it crossed the 50-day moving average? SCH and EGRP are expensive relative to what? CommerceOne at $ 13 billion market cap and 20 million in annual revenues? Verisign? with $ 70 million in annual revenues and worth $ 20 billion yesterday? it's a nation of technical chartists out there, that's the problem. stocks with good charts keep going up, regardless if the "trading vehicle" in question is worth 10, 20, 30, 40, 50 billion dollars, or $ 110 BILLION dollars (like YHOO). i like Yahoo as a company, but man, give the company's fundamentals SOME TIME TO CATCH UP WITH THE STOCK PRICE! it's ridiculous

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