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

To: grogger who wrote (8220)	8/27/1999 9:27:00 AM
From: Green Receipt	Respond to of 13953

probably its so they can buy more at cheaper prices....

To: grogger who wrote (8220)	8/27/1999 9:46:00 AM
From: Esway	Read Replies (2) \| Respond to of 13953

Downgrade came in just as a little rebound looked to be taking place over the last week.... typical manipulation.....reminds me of DELL before the their earnings report someone for the last 4 months had come out and gave downgrades.......then magically upgrades to buy and strong buy just few weeks later after earnings. BTW EGRP and AMTD are not dell either. Good luck. EW

To: grogger who wrote (8220)	8/27/1999 12:24:00 PM
From: Dorine Essey	Respond to of 13953

Hi, Look at it as another buying opportunity. You and I know that Etrade is under valued. Dorine DJ Lehman Cuts ETrade, Ameritrade On Competition Worries 27 Aug 10:11 NEW YORK (Dow Jones)--Lehman Brothers analyst Richard Repetto lowered his ratings on two top Internet brokerage firms, ETrade Group Inc. (EGRP) and Ameritrade Holding Corp. (AMTD), to outperform from buy. In a research note Friday morning, Repetto cited signs of higher account-acquisition costs in the industry, noting that these costs have been rising at Ameritrade. This has happened because the industry has been spending heavily in advertising and marketing to attract clients. Repetto said the increase in account-acquisition costs could be a sign of increased competition in the sector and that a battle to acquire accounts may erupt. Additionally, the analyst cited concerns about valuations for the online brokerage stocks. These stocks have recently fared worse than other Internet-related stocks, Repetto said, perhaps signaling that investors have grown somewhat sour on the prospects for the online brokerage industry. Repetto also said that there will likely be "a number of reasons for upward price movement" for the stocks during the next few months, such as after-hours trading. But he said he believes "such movements will be limited until competitive issues across the industry are shaken out." In early trading, shares of ETrade were recently down 2, or 7.2%, at 25 3/4. Ameritrade fell 1 9/16, or 6.9%, at 21 3/16. Other online brokers are also lower. DLJdirect (DIR) was down 1/4, or 1.3%, at 18 7/8. TD Waterhouse Group Inc. (TWE) fell 3/8, or 2.3%, to 15 3/4. -By Gaston F. Ceron; 201-938-5234; gaston.ceron@dowjones.com (END) DOW JONES NEWS 08-27-99 10:11 AM