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Non-Tech : E*Trade (NYSE:ET)
ET 16.44+1.0%Nov 26 3:59 PM EST

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To: Kumar Nathan who wrote (10149)12/24/1999 4:45:00 AM
From: 2ripley2  Read Replies (1) of 13953
 
Kumar,

Gut-wrenching & thought-provoking analysis of pros & cons.

Your summation pretty much says it all:

<<Given the abov positive and negative factor we now need to find out how the market is going to appreciate this sector. We all have a tendency that market is not seeing our potential. But we also need to understand that market has lot more sexy investments than ours. Once those sector run out of steam then we will see some action here. Until then I dont think that nobody will even look at us. Period. Even timber and railroad performed better between Jan till now. But not OLB.>>

Painful as it may seem right now, remember:

1. In the scheme of things, OLB's are relatively new sector in a constant process of redefining itself.

2. In sector rotation, it's "in the news" time comes in Jan-Apr due to seasonal increase in OLB trading Q4 & Q1. It will become sexy again... but seasonal, until it (or EGRP specifically) redefines itself away from this seasonality to the "street's" satisfaction. Certainly EGRP is moving more strongly in that direction than any of the other OLBs.

3. OLBs (particularly EGRP) have been & are a thorn in the side of brick & mortar Brokerage firms, let's not even discuss the ways they have and will counter the OLB market, but sufficith(sp) to say that battle has only just begun.

Will OLBs (particularly EGRP) win in the end? Most definitely. How many quarters will it take & how rocky will the ride be? Pure conjecture at this point. But I would venture to say (or at least hope) that we will see stock appreciation similar to last year from Jan-Apr... but I think it may take a little more redefining of the sector & elimination of the seasonality (another year) b4 we see any more stabilized uptrend. JMHO.

regards,
rip
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