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

ET 16.36

-0.8%

3:59 PM EST

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To: Phil Tran who wrote ()	2/16/2000 11:27:00 AM
From: SLSUSMA	Read Replies (2) of 13953

1) Association with the EGRP name must be dragging on EBAY. Stock opened down on this news of the promotional deal, nearing my target of $135 - $140 --- thanks CC!. But I would still buy EBAY at $135 - $140, P/E of 1000 and all, before I spend a dime on EGRP over $18-19 a share...why? I know I can sell EBAY next earnings near $170-180, if not higher, for a 30% return...I'm not so sure I can sell EGRP for $26 before next earnings... 2) Now let's assume that EBAY shares are going to close in the $135-$180 range during the promotion period (from Feb to Jul)...Guess EGRP just upped their cost to acquire an account by $60-105, considering they were offering $75 before. What a way to do business...best news is, my measly $2k account will get me a share of EBAY at EGRP's expense...

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