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

ET 16.51

-0.8%

Nov 21 9:30 AM EST

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To: Scott Stents who wrote (3714)	11/5/1998 6:41:00 PM
From: Tae Spam Kim	Read Replies (2) of 13953

Scoop on ETrade! (EGRP) Bloomberg found out that ETrade filed the necessary documents to the SEC on November 4th to start their own proprietary mutual funds like Charles Schwab (this is not shown on the regular press wires yet). The first one will be a no-load S&P 500 Index fund. They are doing everything right: great site/community, great research, free real-time quotes, web stock discussion, free email, insurance, e-loans, etc. E*Trade has over $400 million in cash and is the perfect Internet online trading play. They're going to spend over $150 million in marketing in the next 12 months hoping to acquire over a million new customers. I believe the stock price is way undervalued current prices ($21), in other words this stock is going UP. Tae Kim TJK Market Letter oursquare.com

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