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Non-Tech : E*Trade (NYSE:ET)
ET 16.26-1.3%3:59 PM EST
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To: RDH who wrote (2759)4/9/1998 12:38:00 AM
From: avenger  Read Replies (1) of 13953
 
"Nobody is going to downgrade this stock?" Did you look at all of the numbers? This company now has so much competition, they will probably not be around in 3 years. I liken them to Netscape, in that they were the first to jump on a great idea, but that their business plan & execution was fundamentally flawed. Lost almost 13% today, look for maybe a little dead cat bounce at the open on Thursday, and then a close of around 21 tomorrow. By end of next week, will probably test the 18 area.
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