Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: P.E. Allen who wrote (8968)	2/4/1999 12:34:00 PM
From: Kailash	Read Replies (1) of 122087

Brokerage stocks - The small guys are supposed to go up because AMTD and other large on-line brokerages have gone up. But the small guys are being hurt by internet trading; they're at the losing end of the stick. JBOH and MHMY used to be profitable but were running deep into the red last year, their margins gutted. This is still continuing. To be able to offer the kinds of prices and services EGRP, AMTD, and Datek offer, they would have to invest millions in equipment, software, and advertizing. This is money they don't have - JBOH has defaulted on debt, MHMY is close to out of cash. They may be able to survive as small players but I wouldn't be on it. Sieb appears to be really well managed and might make it. The others are good backruptcy candidates. Kailash

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