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

ET 16.67

+0.6%

12:18 PM EST

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To: Peter Church who wrote (5464)	3/7/1999 10:53:00 AM
From: ecommerceman	Read Replies (1) of 13953

Peter--I've given up trying to time the market, so I don't spend a lot of energy trying to determine whether we're at the top or the bottom of the bull market (although I'll acknowledge if you can figure it out you're going to make a hell of a lot of money). I don't think that internet traders will fare real well in a prolonged bear market, and in fact think that they will fare worse than the market in general. At the same time, though, I have a great deal of confidence in E*Trade's management--their agreement with E-Offering, their aggressive international expansion plans (which are already being implemented), the Softbank deal--and have made the decision to stick with this company come what may. In short, I believe on-line investing is the future, and I'm not going to risk losing my stake with this company by momentum chasing and rotation.

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