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Strategies & Market Trends : Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH)

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To: HG who wrote (32)1/29/1999 1:23:00 AM
From: Gil Gilbertson   of 50
 
Latest out of MS broker is that the biggies will soon announce
free online trading accounts for fixed annual asset fee.. These
will provide all the in and out selling and buying you want with
just a few cents paper shuffle fee. If you dont trade you wouldnt
want this account because it will probably be something like 1.5%
per year....but it'll sure take the steam out of the Etrades and
the AmTds, they cant match that....Tomorrow morning should see
the proverbial double top in both of the hot online stocks , then]
a distribution and wheeeeeeee.... P.S. I wonder if the biggies are
shorting the heck out of the internet babies prior to their new
program????? What a way to finance a new enterprise, Somebody better
shape up in their service real fast..p.s. yes, I will be short...at
102 if it gets there

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