E*Trade (NYSE:ET) Message Board

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

ET 16.41

-0.2%

10:38 AM EST

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To: Bosco who wrote (4991)	2/6/1999 4:48:00 PM
From: kitterykid	Read Replies (1) of 13953

Bosco - You make some good points. When money is involved - potentially substantial amounts of money - a crash of ETrade is serious and what happened last week opens many cans of worms. Let's face it - there were probably a number of ETrade customers who mistakenly made money because of the crash. Are we or ETrade going to hear from them? Are they going to return the extra money they made because of a crash of the system? Of course not. The problem is that ETrade will only hear from those who felt/thought/believed that they lost money because of the crash. Seeing the class action lawyers already lining up is a sign of ugliness to come. What people really have to fear is if we have an October '87 sort of crash in the Internet-related stocks, which I suspect dominate E*Trade's book of business. If that happens, coincident with any other trading breakdowns, we'll really see some fireworks!

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