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Non-Tech : J.B. Oxford

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To: Patherzen who wrote (825)2/5/1999 11:45:00 PM
From: Patherzen  Read Replies (2) of 2220
 
More from Bloomberg, Feb.5 (see AOL Finance Cover Article)
Growing pains folks... business is UP....

Online brokerages have been unable to keep up with mouse- clicking investors, who have increased their online trades by an estimated two-thirds since October to more than 400,000 a day, analysts say.

The stocks have ''too much hype'' surrounding them, said Dan Veru, president of Awad Asset Management Inc., which oversees $1 billion. ''Brokerage firms are a better play as they already have an existing infrastructure and clients.''
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