what the EGRP quarter results show is that EGRP is GROWING MUCH FASTER than all the other online brokers, both year over year and sequentially.
EGRP is also MUCH BETTER than Schwab and of course the rest too.
i wish you guys who don't, had a chance to try ThePulse... it's a FREE SERVICE for active traders ("power traders") at E*Trade, very very similar to a professional Bloomberg terminal, with level II quotes and so much more, it's really AWESOME, AWESOME, AWESOME.
Schwab doesn't offer anything closer to that, not by a long shot.
EGRP is SUPERB.
besides, they will offer soon:
- online banking
- forex trading
- international investing in all the major world markets 24 hours a day
they are gaining accounts at breackneck speed, they had 900,000 by quarter release date, and 100,000 JUST A WEEK AFTER THAT! at this rate (100,000 new accounts PER WEEK) boy, where will we be by the end of the year!
the Merrill Lynches and Paine Webbers will go broke if we keep growing like this!
they have a conflict with their "channel" (their brokers), just like Compaq never could compete with DELL because it had a conflict with the distribution channel it could never resolve, the same way, Merrill and the traditional brokers are locked at a crossroads, they are paralized, are not reacting, it's TOO LATE FOR THEM, momentum has shifted, they are LOSING ACCOUNTS AND FUNDS UNDER MANAGEMENT AT A VERY RAPID PACE. |
