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

ET 16.45

-2.5%

Nov 7 9:30 AM EST

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To: redbird who wrote (4846)	2/4/1999 6:42:00 PM
From: Scrumpy	Read Replies (2) of 13953

Gary, I know one can sue for "anything", but can one sue for loss of "projected [unrealized] gains"? Wouldn't they just be liable for your $19.95 on that particular trade? (Or whatever it really "cost" you). Imagine if everyone could sue for "undue emotional distress" triggered by the vicissitudes of the market! I think ETrade would have to be proven outright negligent or fraudulent. With any broker, there is always risk, both market and technical. Neophytes (not to imply you* are one) grasping at on-line trading for the quick buck shouldn't lament if they haven't read their agreements and don't have backup on-line or dial-up brokers. I think ETrade would have anticipated this, especially after the AOL fiasco (remember the huge surge of subscribers awhile back who couldn't even login!) Seriously, and to reiterate the obvious, trading is inherently risky, especially for those with minimal experience. Just because the past five years have been great doesn't "entitle" you to anything. Don't look at the market like it's an ultra-high yield bond, or you'll get slammed (sounds like did*). Imagine if today were a bad day!. Those who rely on on-line brokers will get hammered even more when millions jump on the internet to bail on real bear days, which is tantamount to getting stuck in digital rush-hour. The results of a class-action suit: (a) it will rip/piss off the shareholders (b) you'll get ten bucks in about two years (if that much). But good luck with the chest-pounding quest! Scrumpy

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