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

To: fut_trade who wrote (7921)	8/4/1999 9:58:00 PM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

The Bull-Market Report's Optimistic Take.... --$$$$$ ONLINE BROKERS SWOON ON VOLUME FEARS By Emily Church, CBS MarketWatch NEW YORK (CBS.MW) -- Shares of online brokers plunged Tuesday after a report from an influential analyst speculated that online trading volumes could decline for the first time ever this quarter because of weakness Net stocks. "It is probable, but not definite that (the third quarter) may witness the first ever sequential decline in online trading volumes," Credit Suisse First Boston analyst Bill Burnham told clients in a report. Leading brokers Ameritrade (AMTD), Charles Schwab (SCH) and E-Trade (EGRP) were all off more than 10 percent. Other brokerage stocks that got hit included DLJ Direct (DIR), TD Waterhouse (TWE) and National Discount Broker (NDB). Market maker Knight/Trimark Group (NITE) slid 4 to 37 in sympathy, a drop that some analysts said was unfair considering the company's near 20-percent share. For the whole story: cbs.marketwatch.com COMMENT: We are not buying this argument. It may be true, but it is not permanent. It is a temporary thing which is only normal. Nothing goes straight up or straight down in this business. There are always swings up and down and right now, there is a negative perception in most Internet stocks so the swings are downward. Don't be misled by this event. The online brokers are growing and they will continue to grow at tremendous rates in the future.