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Non-Tech : Web Street Securities (WEBS)
WEBS 18.85+0.5%Nov 5 4:00 PM EST
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To: kentoo who wrote (1209)2/1/2000 10:29:00 PM
From: M. Frank Greiffenstein   of 1339
 
A lot of presure on the OLB's at this point in time, nothing specific about WEBS.

Pressures:
1) Upcoming decimalization of stock prices. Supposed to be good for traders, bad for brokerages.
2) Increasing interest rates and increasing margin requirements. Bad for brokers too!
3) Perception that high trading levels cannot be sustained on a daily basis.

I am not sure if these are rational reasons, but they are reasons. And perception is everything. I'd like to start a position in WEBS, but need more information.

For exmample, what advantage does WEBS have over others, like say EGRP (which I am very long). Does WEBS inroads into Europe give them an edge? What is their goddamn edge??

DocStone
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