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From: MJ	5/12/2005 11:46:06 AM
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Reid Over the past week we have discussed the possible merger of ET and AMTD. Just picked up on this-------- NEW YORK -- Ameritrade Holding Corp. said Thursday it's not for sale, effectively rebuffing a reported buyout offer from rival E-Trade Financial. "The board believes there will likely be further consolidation in the industry, but confirmed Ameritrade is not for sale," said Joe Rickets, founder and chairman of the Omaha-based company (AMTD: news, chart, profile) , in a statement. "We are confident in our management team and its strategy." An analyst then downgraded AMTD with a target of $9.00 about. This is how the rumor mill works. mj

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