Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Curly Q who wrote (6898)	6/6/1999 9:29:00 PM
From: Mr. Tomatohead	Respond to of 13953

I'm pretty happy with ETRADE accounts that we have. I have a backup account with Suretrade that I use for more short term plays. I think ETRADE is probably as good as any other if you look at the whole package. I have heard tons of complaints about just about every other broker, and dismiss most of it as either isolated, systemic, or BS. I sure do like my holdings in EGRP, AMTD and even my little bit in Schwab.

To: Curly Q who wrote (6898)	6/6/1999 11:13:00 PM
From: pass pass	Respond to of 13953

The big money accounts probably won't be tempted to abandon their relationships with the biggies such as Goldman Sachs, Merrill, Prudential. But big money accounts don't usually trade in and out on hourly basis. Etrade makes its money on small accounts.

To: Curly Q who wrote (6898)	6/7/1999 1:26:00 AM
From: Spytrdr	Read Replies (3) \| Respond to of 13953

you don't know what you're talking about. Platinum customers at ETrade get everything they could imagine and more. Schwab doesn't give you a professional Bridge terminal second only to Bloomberg (ThePulse) for free (or for a fee, for that matter), of course none of the other online brokers do, either. comparing the other online brokers to ETrade is like comparing a Mercedes Benz with a Daihatsu, man, come on, get real. where is Ameritrade based? Alabama, Kentucky? come on!! they should be milking cows there, not trading online. Platinum customers have a special phone line to access customer service which is NEVER busy, and you get through a representative in SECONDS, you have a special email too, which is answered the same day. etc etc it's obvious from what i read in these threads there is widespread ignorance of what ETrade really offers now and what it is going to offer in the near future, with the Telebanc acquisition paying more interest for your CDs than any "real" bank could EVER offer, the Clearstation charts and bulletin boards (sort of Silicon Investor, have you ever been there?), the next acquisitions coming down the road (forex trading anyone? check globalforex.com), the Archipelago ECN acquisition together with Goldman Sachs, the "global trading network", etc etc etc. the other guys just don't have the vision to imagine, let alone accomplish, all this, they are followers. by the time Merrill Dinosaur Lynch finally offers online trading to its aging and clueless population of customers, ETrade will be light years ahead in the road, offering the NEXT big thing. i think ETrade now really should promote more ThePulse and its Platinum service for active customers. a friend of mine -Schwab customer-, was astonished when he saw ThePulse, he couldn't believe it, he moved his account to ETrade since, just because of that. in light of all this, the better strategy with this stock is to BUY AND HOLD for a couple of years AT LEAST, forgetting the gloom and doom of stupid and blind short-term speculators like marketbriefing.com (what a ridiculous handle, by the way!) and the tightening biases and depressions of Alan Greenspan. short-term speculators never make much, or they do, but they lose it in the next bad trades. it's been proven over and over through history, that the big money is made through a buy and hold strategy, of course, you have to be a great stock picker first! who gives a fuck about 1 week 5 point dips??!! we are INVESTORS for Christ's sake! MSFT was at $ 94 not so long ago, and $ 78 now... should we sell MSFT?? fire Bill Gates?? MSFT stock is a dog?? you see how ridiculous all these short-term worries are? when Softbank last year bought a chunk of ETrade, they paid $ 750 million at $ 25 (pre-splits, then), then saw the stock tank to $ 10 during the craziness of last year's selloff in august and september. did Softbank sell in a panic, "oh my god we made a terrible mistake!!"??? NOOO!!!!! they stayed behing the VISION, and thus they reaped the HUGE rewards wich are obvious now but weren't so obvious then! guess what? the story is not over yet! this is getting BETTER my friends. so, i hereby predict, that before july is over, we'll see triple digits again with this stock. and if we don't see triple digits by july, I DON"T GIVE A FUCK, we'll see $ 453 3/4 by 2002 or earlier!

To: Curly Q who wrote (6898)	6/7/1999 1:50:00 AM
From: Spytrdr	Read Replies (3) \| Respond to of 13953

ETRADE is the bluest of the internet blue chips, a tech company in the heart of Silicon Valley who is redefining finance. "someday we will all trade this way". only noone thought it would happen so soon, ha? well, now "it's time for ETrade"... ... and "someday we will all bank this way" too. the traditional brokers are aware of the TERRIBLE mistake they made by not gobbling up this company while they could still afford it. soon they will be down to our knees begging for mercy! we will crush them like cuckroaches with our efficiency and our better products. we will step over their dead bodies, it will be a bloodbath. :-)

To: Curly Q who wrote (6898)	6/7/1999 1:59:00 AM
From: Diamond Jim	Respond to of 13953

They all have problems, the Merrills will too. People get passionate over money and many times the complainers are wrong.

To: Curly Q who wrote (6898)	6/7/1999 7:40:00 AM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

Thomas Rasch--Well, we've narrowed your point down to the good ol' "a lot of folks have complained about ETrade." Yes, that is true. And a lot of folks have complained about Ameritrade, Waterhouse, DLJ Direct, and Schwab. ETrade has over a million customers, and no doubt they don't do everything right, I'll grant you. (Neither does Merrill Lynch, for that matter--did you check out their admission of internal discrimination over the weekend?). The fact is that E*Trade, according to many independent groups that monitor this subject (Lafferty, Gomez) is the number one online broker around. If it were so damn easy, as I noted to you earlier, it wouldn't be taking Merrill six months to bring their online operation online. And when they do, then we'll be able to compare apples to apples...