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Non-Tech : E*Trade (NYSE:ET)
ET 17.460.0%9:46 AM EST
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To: Nandu who wrote (6344)5/4/1999 5:44:00 PM
From: let  Read Replies (1) of 13953
 
SEC comments at lunch. Fear of gov't regulation.

This should be short lived, as the statements were offset by the fact that April online trades could be up 60% over March.
CNBC has had it on all afternoon that major brokerages may not have another 3-4 quarters to combat the growing amount of online accounts eating into their market share.
It appears that 1 out of 5 trades are by online accounts. Could go to 1 in 3 or 4 next year.
Tremendous growth projected by the SEC itself.

Let
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