E*Trade (NYSE:ET) Message Board

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

ET 17.01

0.0%

10:39 AM EST

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To: Mike Petriv who wrote (13041)	4/12/2000 10:33:00 AM
From: Jim B	Read Replies (1) of 13953

with all the recent volatility dont be fooled into thinking daytraders are going broke.. daytraders are the ones who are usually sitting in mostly cash ready to pounce on overcorrections... no one i know that truly "daytrades" is broke.. most of them dont hold anything overnight anyway.. or rarely do and most keep 75 to 80% in cash -- i do as for going short... yeah, I've picked up some puts in some areas and calls in others.. no way I'd short EGRP here.. downside is at most 5 pts... whereas downside with EBAY or YHOO or ACOM or CMRC could be 40 to 50 more pts ; MUCH rather short or buy puts on those monsters.. plus egrp today just gave everyone reason to believe this company is not only going to be net profitable on the next quarter (unless they spend more) but that they truly are a buyout candidate... with this much growth and brand name there's no way ameritrade or datek get bought out before Etrade (unless etrade wont sell)... now it's just a matter of when the mutual funds will start including etrade back into their portfolios jim

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