E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

ET 16.71

+1.7%

Nov 28 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharise Brown who wrote (5192)	2/16/1999 12:51:00 PM
From: Oeconomicus	Read Replies (3) of 13953

Sharise, March '97? Completely irrelevant. First, there was no internet stock bubble in March '97. Second, that would have been the first opportunity since the IPO for EGRP insiders to sell any shares. It's only natural to expect some selling. Third, any of those people you are ridiculing now who were short then had an opportunity to cover profitably a month or so later when most tech and internet related stocks corrected sharply (they also could have covered a year and a half later at $10 pre-split). The fact is you have no idea how these folks made out (neither do I). Was EGRP a bit ahead of itself in March '97? Apparently, since it went into the low teens by May. Was it wrong to be short in the forties in Sept-Oct '97 just because EGRP is at twice that price now (split adjusted)? Gee, I don't think so. Does any of that history make it right/wrong to be long/short now? Again, I don't think so. Looking back at who was right or wrong two years ago, or appeared to be right or wrong when taken out of context two years later, tells you nothing about the future prospects for EGRP or the reasonableness of its current valuation. Just my two cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next