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

ET 16.51

-0.8%

Nov 21 9:30 AM EST

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To: go_bucks who wrote (6675)	6/1/1999 4:14:00 PM
From: Eman03	Read Replies (1) of 13953

<<Do you guys know the details of the MER offer? for 1500 a year you get unlimited trades? for daytraders this has to be the best deal around. flat fee... hmm... >> Would you as a daytrader throw all your money into MER given that they will have new technology when they rollout (sometime at the end of the year if their current schedule holds, which it most likely will not due to the standard technology rollout issues that one faces)? Do you remember of the complaining that occurs when etrade crashes, and they are probably one of the best at what they do and have had years to try and work the bugs out of their systems. MER is years away from where etrade is today technology wise, and by that time etrade will have had years to continue to lead. These affluent types who are waiting for MER are not the daytrade types and quite honestly MER's future system will be taxed by any amount of volume, let alone from hardcore daytraders. I admit on the surface it sounds good, but it is very unlikely to be successful in the short/medium term. Just my opinion of course.

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