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

To: fut_trade who wrote (7919)	8/5/1999 3:08:00 AM
From: Spytrdr	Read Replies (3) \| Respond to of 13953

are you trying to say my posting was the reason ETrade tanked?? :-) i'll try to post less often then, since i'm totally in love with this terrific company and don't want to cause any damage to the stock price. again, thanks for the timely advice on internet stocks "about to get whacked". you remind me of Ralph Acampora, he has a tendency also to spot a trend and alert everyone about it, just when that trend is reaching the end and about to reverse. a day before or after YAHOO's latest earnings report, he said it was time "to be aggresive" and buy the hell out of YHOO, that was with YHOO at $ 178 or so, we are at $ 120 now. so much for the aggressiveness. it was him who last year, after* the DJIA had already fallen to 7400, said he saw it falling further to 7000-6500. the poor people who sold right at the bottom scared because of his remarks and visions of Armageddon, very often remember Acampora's mother now... i hate that guy, there are other examples of his untimely "timely calls", but it would be too long. David Komansky, CEO of Merrill Lynch, said also the DJIA was going to 7000 right the day before the DJIA bottomed at 7400 and started its ascent. you had to see his scared face during that interview in Moneyline with Lou Dobbs! he looked like hell. Merrill Lynch inside must have looked like an asylum in those days. as it rose, Komansky kept advising investors to stay on the sidelines and be cautious or buy bonds, i don't remember with the exact words what the hell he said we should buy or sell. he was probably shorting EGRP back then... i hope he covered by now. the very next day of his call, the huge rebound began. sorry for the digression, but to say that internet stocks are "about to get whacked" after they already fell 50-60% on average, sounds funny. sure, they might fall further, and the world might come to an end and Frankenstein might come out of the grave too, noone knows, however, it's a mixed bag, in my opinion, for example EBAY is one candidate to go out of business some day, i would never buy EBAY, never did and never will. Yahoo and Amazon give the same auction service for FREE. EGRP at these prices, with its growth rate and spectacular future, no debt, 1 billion cash on hand, an online bank, preferred treatment for marketing through Yahoo, etc, is a STEAL. ___ "I see that EGRP tanked just after you posted."