E*Trade (EGRP) Suggestions (NOT FOR FLAMES!!) Message Board

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Non-Tech : E*Trade (EGRP) Suggestions (NOT FOR FLAMES!!)

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To: Stanley L Brown who wrote (16)	12/6/1996 5:22:00 PM
From: Chris J. Horne	of 118

Stan, I make about 1 trade per week, so my needs are a lot different than a day trader like you. ETrade meets my needs very well, and I have no plans to change at this time. I seldom need to reach them during the day. I generally place limit orders at night. I hear people saying it is hard to log in during the day, and I do know there are alternate addresses to log into that are more effective during peak times. I recently bought several hundred shares of ETrade at 9 1/2 and it is doing OK. Dropped 5% today to 11 1/2, but it was just over 12 before the big down draft. Online trading is definitely taking off. I know there are others getting in on the act. I honestly don't know just how good the others are, but I know some offer access to only certain exchanges. I doubt that the more conventional brokerage houses will have the committment to online trading that ETrade and the other internet-only (I know they take phone trades at higher rates) houses like ETrade do. E*Trade is growing like crazy and adding capacity, so eventually capacity will catch up with demand and day-traders like you may reconsider. Chris

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