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

To: ecommerceman who wrote (7732)	7/22/1999 5:58:00 AM
From: thomas odonoghue	Respond to of 13953

Is Merril Lynch online trading with their promotion? If it isn't, nothing will change because there is nothing worse than calling your broker only to find him unavailable, out to lunch, in a meeting...etc...You wind up getting the secretary. No amount of discounts can fix that problem.

To: ecommerceman who wrote (7732)	7/22/1999 11:29:00 AM
From: WallStBum	Read Replies (1) \| Respond to of 13953

Merrill will still be very sensitive to the cannibalisation factor (if that's a word) of their human brokers. They're also going to have to find their way with the oversight issue, that is how will they "manage" their clients money with clients having some degree of power over their account. What if there's a mistake in the order and the client buys 10,000 shares rather than 1,000. It just really seems like MER will have quite a learning curve here and I don't think there will be much threat from them to EGRP. I mean E*Trade wants $1,000 to open a non-margin account. I'd be embarrassed to open an account at Merrill with $1,000. (g) I could be nuts too. Maybe MER will revolutionize the industry. But it doesn't seem like that is their intention. I just don't see them having a great deal of influence on EGRP and EGRP average client. dax

To: ecommerceman who wrote (7732)	7/22/1999 11:15:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 13953

ecommerceman, More info on Merrill's online trading: I checked the client order entry agreement at Merrill and it still says that "same-day purchase and sales are not permitted". But I'm not sure if that's true or not. I've been given the impression that since July 12 I can buy AND sell the same stock online. In the past, I've done one side online and called in the other side. I thought about trying a roundtrip today but the online trading system was down. Bob