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

ET 16.57

-1.5%

Dec 2 3:59 PM EST

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To: Phil Tran who wrote ()	2/29/2000 1:29:00 PM
From: thinkbach	of 13953

Is it time for ETrade? Perhaps. Institutional buying often helps: Thomson I-Watch Midday Update thomsoninvest.net EGRP -- Internet Sftwr & Svcs -- Technology 29-Feb-00 11:54:16 Shares of E*Trade Group have attracted an unusually strong following among institutional traders this morning. There has been some chatter on the Street in recent sessions that EGRP will knock the cover off the ball with its March-quarter earnings. This theory gained credence today after National Discount Broker (NDB) announced that it expects to slam-dunk the third-quarter with earnings of $0.95-$1.05 versus the First Call consensus of $0.08. As a result of these positive developments, EGRP has climbed 23% in the past week after suffering a relatively flat YTD performance and a 66% decline from its all-time highs reached last April. EGRP is trading $1 13/16 stronger at $24 11/16. Big Money interest has pushed block volume to heightened levels, accounting for about 40% of the 9.2 million shares crossed. The post-trade I-Watch pie chart shows that professional brokers have claimed about 75% of today's activity while retail brokers have just 10%-12% of the action. Pre-trade I-Watch data indicates that the recent recovery has attracted some profit-takers to the market - the Super Sell Messages in the $24 3/4 to $25 range capped the earlier rise. However, the most recent wave of Super Buy Messages in the $24 3/8 to 5/8 range indicate the Buyers are still looking for stock so trading should stay competitive in the near-term.

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