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

ET 16.54

+1.6%

Dec 30 3:59 PM EST

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To: Eric Lee Smith who wrote (4475)	1/26/1999 5:30:00 AM
From: ecommerceman	Read Replies (2) of 13953

It seems to me that the announcement that "Average daily deposits thus far in January have been $60 million, almost 200 percent higher than average daily deposits of $28.5 million during the fourth quarter of calendar 1998..." is particularly significant. This shows that the company's growth is matching (or at least close) the phenomenal run-up in the stock, and while some folks may still doubt that it is fairly-valued, it seems more likely (to me, at least) that its current valuation isn't far off. I mean, 200% higher growth in average daily deposits in sequential quarters is a hell of a lot!

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