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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: Dave Tan who wrote (716)8/3/1999 10:11:00 PM
From: Ian@SI  Respond to of 1413
 
The CSFB report was rather disingenuous.

Overall market volume is down during the summer months.

Pointing this out as if it was a new revelation is misleading at best.

<begin blatant sarcasm> After all, this came from an Analyst, that wisest of all people. <end blatant sarcasm>

Any analyst that had expected volume to increase both disproportionately and in absolute magnitude for either the INuts themselves or the online brokers while overall market volume is approaching its seasonal low, IMO, should quickly switch to a less intellectually challenging job.

FWIW,
Ian.



To: Dave Tan who wrote (716)8/4/1999 12:35:00 AM
From: Zardoz  Read Replies (1) | Respond to of 1413
 
Most of TWE's customers in Canada are not day traders and not major net stock players.

Good, cause I never said that they where day traders. So let me repost what I said, that you miss read, it's ok... many misread what I write:

My question is, in the recent downgrading of Egroup, Ameritech etc, is that due to presumed lower earnings coming from diminished trading, or is it part of investor trader mentality of jumping ship to other more reliable companies?

Although I do not believe at Greenline, investors are primarily buy and hold.

Hutch
PS: Lower volumes could be a symptom of lower mutual fund turnover only.