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


To: Green Receipt who wrote (8237)8/28/1999 10:00:00 AM
From: sun-tzu  Read Replies (2) | Respond to of 13953
 
I went long EGRP @ 26 1/2 the friday before the FOMC. A technical bottom had been hit and market sentiment had returned to its previous bullish stance. However, I was not surprised at the 'dirty tactics' displayed by Lehman.

This move is not without precedence. Raymond James Financial also downgraded from buy to hold on 08/10/1999. If you perform a thorough due diligence, you'll see that RJF also downgraded from buy to hold on 10/06/1998. It took awhile, but I eventually found an RJF rec sent to clients on 1/14/99 recommending EGRP as a buy. This was never made a public announcement. As an exercise superimpose, these dates on an EGRP graph. It doesn't take a rocket scientist to see what is happening. They are downgrading at the stock's nadir, loading up, then they recommend to their clients at a later date. The Lehman downgrade, complete with its ambiguous wording, is no different.

EGRP remains as the premier on-line brokerage. They have an outstanding business model with great management. This sector has been ravaged recently, but stands to benefit immensely from the revived bullish outlook from the market. Customer base has only scratched the surface of its potential. As the market continues to accelerate, money and customers will pour in similar to the early days of mutual funds.

Those who have entered long at this technical bottom will greatly benefit. I suspect that over the next few weeks, not only will EGRP's performance be exceptional, but the analyst upgrades will also come as the brokerage houses will have already bought their shares. I suspect that a three month target touching old highs is well within reason. Good luck all!!!



To: Green Receipt who wrote (8237)8/29/1999 6:58:00 PM
From: Life Coach  Respond to of 13953
 
EGRP Longs, enjoy:

This will wet your appetite from the Bull Market Report:

$$$$$ ONLINE ACCOUNTS TO SKYROCKET

Gomez Advisors, the leading e-commerce authority and distributor of the
Internet Broker Scorecard, and Harris Interactive, the nation's leading
Internet market research company, found that a potential 16.3 million
investors - 3 times the number of current online investors - are poised to
begin trading online.

This new potential market, according to the authors of the benchmark "The
State of Online Investing" survey, could increase the value of assets held
in online investment accounts by more than $1.1 trillion. these
potential investors into three distinct pools; with indicators suggesting
that they are waiting for the right offering to begin trading online.
harrisinteractive.com for the whole story.

COMMENT: We like big numbers like these.

*****&*****&*****&*****&*****&*****&*****&*****&*****&*****&*****&*****&****

Me thinks EGRP knows what they are doing! September is going to be fun for the longs IMHO.