E*Trade (NYSE:ET) Message Board

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

ET 16.24

-0.9%

Dec 26 3:59 PM EST

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To: Gil Gilbertson who wrote (4573)	1/30/1999 11:48:00 AM
From: ecommerceman	Read Replies (2) of 13953

Gil Gilbertson--I agree with you completely that the chances of ETrade getting bought out by a big bank are nil. It ain't gonna happen. If they didn't buy when the stock was at $10, they aren't gonna buy when it's $110! I don't share the depth of your concern about the effect that a bear market would have on ETrade. Clearly, it wouldn't be good, but I don't view it as the calamitous event that you evidentally do (where bids disappear to nearly nothing, as you say they did in 1974). This country is, in important ways, very different than it was 25 years ago, and one of the ways is that stock dispersal among the populace and interest in stocks in general is vastly greater than it was then. It's not that I disagree with the thrust of your point, I think you're overstating the danger a little.

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