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To: GST who wrote (71584)	8/3/1999 2:58:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

There is no such thing as water at one end of the pool and none at the other GST -- I see it sorta differently from you. There are over 8M on-line accounts and we are all part of it. There was less than 3M on-line accounts 15 months ago. The over 8M on-line accounts were trading very frequently during the first 5 months of 1999, and the majority of the a/cs were involved in the net stocks to some extent. But for the last two months; the on-line trading activity has been notebaly reduced; and I think that's the liquidity problem for all the net stocks. Non-net stocks are not much affected. But the projected on-line a/c number is 20M by 2003.