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

ET 16.83

+0.7%

Dec 1 3:59 PM EST

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To: Spytrdr who wrote (6375)	5/8/1999 11:37:00 PM
From: ecommerceman	Read Replies (3) of 13953

Spytrader--Thanks for the article, but I have to admit that it seems to me to the usual crap from the Economist--full of opinions that are not well-founded. This sentence really killed me: "Successful online investors may well switch to a full-service firm for some personal attention." Yeah, right. Folks who have been successful doing their own trades for far less money are now going to turn to full-service, expensive brokers because they want "some personal attention." Please. If you're successful doing it on your own, the last thing you're going to do is go to a full-service broker who is going to charge you hundreds of dollars to make the same trade that you can do on your own for $20. I bet you can count on one hand the successful online traders who have gone to a full-service broker--it just doesn't make sense.

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