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

ET 16.71

+1.7%

Nov 28 9:30 AM EST

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To: mod who wrote (5164)	2/15/1999 1:40:00 PM
From: Oeconomicus	Read Replies (1) of 13953

OT: mod, perhaps the decision had everything to do with not wanting to risk their hard earned returns on the company they had backed by holding an overvalued tulip like Yahoo. Wouldn't do them any good to say that's why they sold it. BTW, new money is generally raised by new partnerships and has no effect on the returns on existing funds. Not wanting to be portfolio managers of public stocks and a desire to "recycle" funds sound like BS rationalizations to explain sales when you can't really publicly say "we think it's overvalued and the price is not sustainable, so the prudent thing to do is sell".

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