Web Street Securities (WEBS) Message Board

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Non-Tech : Web Street Securities (WEBS)

WEBS 17.37

-6.2%

Oct 31 5:00 PM EST

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To: Tech Master who wrote (1312)	4/17/2000 3:16:00 PM
From: M. Frank Greiffenstein	Read Replies (1) of 1339

Nope, I blew out my shares Friday morning at the bell. Tech, the OLB's are dead for the forseeable future. If the best of the breed are getting hammered, WEBS doesn't have a chance. It is a good service, but it is still third tier. ANd third teir stocks do not bounce back until long after the first tier do. The only short term prospect for WEBS is a takeout by one of the foreign brokers. Or maybe a domestic bank that wants to get into brokerage cheap. American Express wanted to buyout EGRP but those talks fell down. Locup expiration was a big positive for this stock. Now with the OLBs collapsing, it is now a negative. I am 100% cash. I have a few flesh wounds but I have held up well the last two weeks, ditching stocks where I have 20% losses. A better day will come. DocStone

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