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

ET 16.59

-0.7%

Nov 12 3:59 PM EST

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To: Walt Street who wrote (2561)	3/14/1998 9:58:00 PM
From: Duncan Lestina	Read Replies (2) of 13953

Yep, WAY oversold IMHO. I had my finger already on the button Friday and watched it tank. Between 2-3 pm it was dropping like the proverbial stone- it was amazing. Bought in again at 21 3/8. It looked like a cascade of stop sell orders were executing, of course the avalanche perhaps initiated by some institution that MUST reduce its holdings based on the very astute? DMG GUESStimate. I think all that did was make it easier for EGRP to once again, provide another blowout report. I very rarely use the stop sell orders anymore, for reasons similar to what happened to EGRP Friday. Those people will be kicking themselves when this stock moves back up again, probably on Monday. If it dips to it's $20 support level, I will load up more- that's easy money. I've been in and out of this company so many times now since the IPO- the count is lost. It is well managed, profitable, and now a leader. But very volatile. Anyone know why AMTD is #17 @ $26~ (per Barron's) and EGRP #4 (now @ $21 3/8) ?? AMTD seems like it's gonna be a real loser (business, profit wise) with all it's expensive advertising.

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