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


To: hoops who wrote (8195)8/25/1999 2:11:00 PM
From: Mr. Tomatohead  Respond to of 13953
 
Wait until we start hearing some rumblings about increased volume...rumors about decreased volume this summer is a large part of what hurt us...although I'm not sure why analysts expected anything other than that during vacation time.



To: hoops who wrote (8195)8/25/1999 2:32:00 PM
From: ecommerceman  Read Replies (1) | Respond to of 13953
 
Hoops--The reason that the ebroker stocks are down is because the expectation of decreased volume. As you may know, the first quarter the ebroker trading volume went through the roof, and the stocks were priced at the expectation that that level of trading would continue. When the internet bubble burst (to some extent, anyway), the trading volume decreased correspondingly (at least relative to the gigantic gains in the first quarter), and the price on all of the ebroker stocks tanked to their present levels.

While I'm always happier when my stock is higher rather than lower, the fact that EGRP is down doesn't concern me that much because I'm an investor and not a trader. I plan on holding this stock for many years (barring some egregious mismanagement by Cotsakos and company, which I don't expect), and believe that it will be worth a ton when I need to sell it.

If you're a trader, then all I can say is good luck. I tried that and it damn near killed me financially and emotionally.