E*Trade (NYSE:ET) Message Board

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

ET 16.45

-2.5%

Nov 7 9:30 AM EST

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To: Phil Tran who wrote ()	5/6/2000 11:00:00 PM
From: Diamond Jim	Read Replies (1) of 13953

207.46.189.31 Worries about higher interest rates and falling trading volumes knocked the stuffing out of ETrade (EGRP) and the rest of the online brokerage sector. As I explained in my column "5 stocks ready to join the party," a U.S. Bancorp Piper Jaffray survey confirmed the slowdown in trading volumes during the third quarter of 1999, but also reported that during the same period ETrade added new accounts faster than Charles Schwab. The stock moved up strongly on the mixed news, indicating to me that investors now are starting to focus on the prospects for 2000. As of Feb. 8, I'm keeping my $53 target price*, but stretching out the time horizon for achieving this price to September from June. (Full disclosure: I own shares of ETrade.)

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