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Non-Tech : E*Trade (NYSE:ET)
ET 16.42-0.2%11:18 AM EST
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To: John who wrote (13500)5/2/2000 10:40:00 AM
From: thinkbach   of 13953
 
I think the proof is in the pudding. E*Trade's stock price speaks volumes about the kind of company E*Trade is, how customers feel about E*Trade, and how Wall Street has valued that information into the price of your stock.

Muddy thinking. Stock prices reflect perceptions based on emotion. If the logic that stock prices had anything to with the actual company they represent I think we'd see a different market. As soon as the perception sinks in that Etrade is a profit-making machine, customer service will not be much of an issue. It is not that much of an issue now, at least on the large scale. the numbers show people signing up, not too many leaving, assets and revenues growing. All these numbers are far more significant than the stock price number. Duh.

Also, your argument does not account for the inordinate negative view of this company and others based on circumstances external to the actual companies.

I think the inordinate short interest is more than just a bad habit on the part of numerous traders at this point. I think EGRP as a stock is similar to AAPL a year ago, having the "4th occurrence in 5 quarters that company has issued positive earnings surprise". AAPL went down and stayed steady for 7 or 8 positive quarters. Why? Habitual negative perception.

Best of luck
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