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

To: italiana who wrote (7767)	7/24/1999 10:42:00 AM
From: Diamond Jim	Respond to of 13953

Need a good laugh? Message 10637481 techstocks.com

To: italiana who wrote (7767)	7/24/1999 11:07:00 AM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

From Jeffrey Bierman of Bierman Capital Management in Silicon Investor's newsletter: "Q: Are there any areas of the Internet you would particularly avoid? A: I would avoid 90% of all Internet stocks, especially the retailers, the business is too competitive. The Internet retail market is overly saturated. Most will be absorbed or out of business and for that reason I would avoid most of them. I would also avoid online brokerage firms. I do not see how Ameritrade, National Discount Broker and ETrade will survive on a cost competitive basis charging $8 per trade. Pricing wars will kill the online brokerage stocks. Unless you are the dominant player, it is not worth the time to figure out who will survive the pricing war." Perhaps someone needs to tell Jeffrey that ETrade's lowest per trade cost is $15, and the vast majority of them are made at $20. Of course, to expect accuracy from someone who does nothing else but advise folks where to put their money is probably a little too much...