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

To: Spytrdr who wrote (8204)	8/25/1999 10:04:00 PM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

Spytrader--thanks for the internet facts. I saw an article the other day about whether the internet would be more like the Guttenberg press--which truly changed the world in revolutionary ways--or more like television, which changed the world substantially, but not (according to the author, at least) in ways nearly as revolutionary as the press. The author didn't believe the answer would be known until many years had passed, but some of the statistics that your article cited implied that the changes it will bring are going to be profound, at a minimum... Nice jump up today...

To: Spytrdr who wrote (8204)	8/27/1999 8:09:00 AM
From: ecommerceman	Respond to of 13953

From the Web Report: eBrokers - Weekly Stock Volume Report - Scott Appleby - mailto:scott@rsco.com After jumping 30.4% in the first week of August (4-10), the NETDEX volumes took it on the chin this week, dropping 27.7% from 957 million shares traded to 692 million shares, the second lowest volume total for the year to date. NASDAQ volumes were also down over the same time frame, dropping 5.6% from 4.4 billion shares traded to 4.2 billion. This week's NETDEX results are consistent with what we are hearing from industry players, continued weakness in the market as well as uncertainty with interest rates. The seasonal trough that is normal for this time appears to be deeper than many of us had originally expected. As a result, this week, we lowered our calendar year third quarter revenue and earnings estimates for eBrokers ETrade (EGRP $25-7/16) and AmeriTrade (AMTD $21-5/8) as well as the leading market maker, Knight/Trimark (NITE $30-9/16). Furthermore, we lowered our estimate for sequential transaction growth for the eBroker industry in the calendar third quarter from 3%-5% to flat to (5)%. While this is clearly a short-term setback, we remain firm believers in the overall fundamentals of the eBrokerage industry and characterize the present market activity as a seasonal/cyclical breather. We continue to believe ETrade and AmeriTrade are well positioned as two of the leading online brokers, and Knight/Trimark, as a beneficiary of the secular growth of online trading, is well positioned as the leading market maker, in our view.

To: Spytrdr who wrote (8204)	8/27/1999 9:47:00 PM
From: Spytrdr	Read Replies (3) \| Respond to of 13953

is this stock under heavy attack from traditional brokers or what? it's disgusting. we were about to start a rally in the sector yesterday and it was stopped in its tracks by this mongoloid downgrade. that lehman guy is funny, he liked it at $ 60, and now he doesn't like it that much at $ 26. these are the same guys that then put strong buys on stamps.com, priceline, phone.com, drkoop, alloy online, and the likes, companies with price/sales ratios of 100/1 or more that will not be here next year. e*trade has a real business, so DAMN REAL that Merrill Lynch is scared to death and had to change their strategy completely.