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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (1617)	7/26/1999 10:26:00 PM
From: dabadabadoo	Read Replies (2) \| Respond to of 2419

anyone know what caused the volume to be 2.5 x daily/avg? didn't see any news; maybe seeing ~11 as a bottom told them to jump in foreseeing the rollouts after 8/1

To: Jimbo Cobb who wrote (1617)	7/26/1999 11:09:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 2419

Well, there is another factor at work here Bank stocks as a sector may be turning around after being stomped on all month. USAB may be getting additional support in that respect, so going into an event during such a receptive market would be a prudent short term speculation. I don't hate USAB, just their hype tactics. I also don't think online banking is such a big deal, as I've been doing it with CitiBank for the past 16 years. While online stock trading may be profitable, I doubt online banking EVER will be, and expect USAB to link up with some trading entity to provide a more complete solution. Brinks and Morters that go online will do fine, but purely virtual bank will fail, for the many years it will take the average consumer to learn how to benefit from them. Most here over estimate the percentage of online banking consumers. It is still pathetically small, considering how much availability there has been up to now. Most small and medium sized companies still do their banking the old fashioned way, and don't yet trust the online world despite outsourcing their payrolls that are often paid electronically. I'll tell you a cute online banking story. Way back in 1988, I purchased my first Coop Apartment, and paid the monthly mortgage and maintenance by automatic computer check. The old Ladies running the real estate management office didn't know what to make of these computerized checks they got on my behalf, as they looked so much like government checks. They refused to deposit them for months, unless I started sending hand written ones. I stood my ground, and kept cranking out computerized checks every month and ultimately they 'got used to it'. Just call me an online banking pioneer! ^&^