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: Mark Iguchi who wrote (13722)	5/15/2000 6:05:00 PM
From: SLSUSMA	of 13953

Your assumption is that WITC stock is worth $10 a share. Suppose ETrade had to dump it all? They'd be lucky to get 50 cents on the dollar. The real winner is WITC, for suckering ETrade into pumping more cash into WITC. EGRP gains a few accounts, but now both E*Trade and WITC customers have to compete for IPOs. The real losers are the WITC customers, who just saw an extra 2.6 million accounts (not customers) compete with them for IPO shares.

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