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

ET 17.01

+2.3%

3:59 PM EST

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To: Oeconomicus who wrote (2536)	3/13/1998 6:52:00 PM
From: Phil Jacobson	Read Replies (1) of 13953

Hi, been looking at the thread for news today and first learned of the Barrons article. I don't think a penny drop in earnings would cause a 13% tanking when everyone knows it's important to spend now to create a customer base. There was a similar drop a few days ago. My opinion (for what it's worth) is that the decline did have to do with the article. It's logical to assume knowledge of the article got out (happens all the time) and brokers took action. We'll just have to see but don't expect a glowing report. It's too late to get out now. The stock will probably tank again Monday, then the company might finally be forced to get its act together and fix the system. I don't want to compare EGRP to AOL, but there could be some similarities to how things played out at the end of '96 for AOL. But don't count on a 500% in stock price by this time next year. Phil

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