agree.
i've been saying for months that Schwab's buyout of Cybercorp marked a turning point for the worse in the stock of EGRP.
before Schwab's move, i wrote here many times URGING ETrade to buy Cybercorp, as fast as possible.
a few days later the SCH news hit.
i think Schwab overpayed on purpose, knowing that ETrade with its pitiful currency could not possibly respond with a higher offer, and at the same time driving the valuations of the other candidates (private companies) higher.
after that i hoped in vain ETrade management would react much much sooner, licensing RealTick, buying Tradescape, or developing something on their own.
but as we can see now at $ 8 a share... i naively underestimated the degree of Cotsakos' "BOZONESS"...
;-)
after that, in the public's perception, ETrade suddenly appeared as a company with outdated technology, falling behind the nimbler, more astute competition (SCH).
that is/was the perception: nimble, astute, lean & mean SCH on one side of the ring, Cotsakos the slow-moving BOZO on the other. |
