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

ET 16.65

+0.1%

2:28 PM EST

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To: Don Westermeyer who wrote (2622)	3/19/1998 11:49:00 PM
From: larry	Read Replies (1) of 13953

Don, I bought the issue 3 times since mid-Jan at below 22 1/2, and the first two times sold them at 26 3/4+. This time I think that I will hold it until it runs above 30 after they report earnings (which I believe will be good). It seems that you are mainly a short seller? Well, I rarely sell short issues and actually have not done that this year. I find out that my return is much better if I long issues. My investment rule is never buy stocks above certain price level...The reason I believe that EGRP is still a strong buy is at 26 this time is because that I believe earnings release on Apr. 6 will push the issue above 30, which is a 15+% return if you buy at 26. good luck, larry

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