Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spytrdr who wrote (8370)	9/9/1999 12:39:00 PM
From: Esway	Respond to of 13953

LOL!!!! great post......does seem this way lately.

To: Spytrdr who wrote (8370)	9/9/1999 7:59:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

below are further examples of the insanity of this market... more strong buys for ALOY, CPTH, ICGE, PCLN, PHCM...! RedHat is worth 10 billion by now, why not 20 billion? Alloy Online, remember, the website FOR THE Y GENERATION! i'm shifting my portfolio allocation 100% to ALLOY ONLINE and BAMBOO.COM as soon as tomorrow, and away from EGRP, because LEVIATHAN and FUCKINGBURG just issued a strong buy on ALLOY. i predict a 30-point gap up on ALOY tomorrow, closing price $ 233 3/4, opens monday at $ 289 1/8, then 3-1 split and round the clock again. keep the party going on the dance floor! as for EGRP, just take it to the woodshed and shoot it to take it out from its misery. YHOO worth 43 billion dollars, SCH down 6%... all this frenetic buying of recent IPOs is probably done by Paine Webber clients and through traditional brokerages, because nobody uses online brokers, oh no, nobody does. remember that trading volumes are down a little bit during the summer months, so you want to avoid EGRP and SCH and NITE, during the summer months you have to plunge into BAMBOO and ALOY and PCLN and KOOP and stocks with small floats, that's the key to make money in this market. who needs EGRP?? i just want a stock with a small float, run it up 10-20 points on no news and then sell it to the next guy in the MOMENTUM LINE. long live momentum and small floats and analyst hype. as for EGRP, if you're still holding it, just turn the chart upside down in order to feel better. EGRP is a jewel, but in this market you don't make money buying jewels, you have to buy crap, smelling dogshit stocks with small floats, buy them in the run-up of the last half hour of trading, sell them the next day on the gap up to the next idiots in line. keep the party going on the dance floor... * ALOY -- ALOY: REPORTS BETTER-THAN-EXPECTED FISCAL Q2 RESULTS; RAISING ESTIMATES; REITERATE BUY RATING. Analyst(s): LEVITAN, LAUREN;KLOPPENBURG, JANET Rating: BUY ------------------------------------------------------------------------- * CPTH -- CPTH: OUTSOURCING AND MID-SOURCING OF MESSAGING PLATFORMS CONTINUE TO Analyst(s): JUAREZ, RICHARD Rating: BUY ------------------------------------------------------------------------- * ICGE -- ICGE: INITIATING COVERAGE OF THE "GE OF THE WEB" WITH A BUY RATING. Analyst(s): BENJAMIN, KEITH;UPIN, ERIC Rating: BUY ------------------------------------------------------------------------- * PCLN -- PCLN: VIEW MICROSOFT ENTRY AS MORE OPPORTUNITY THAN THREAT; STRONG BUY Analyst(s): LEVITAN, LAUREN;BENJAMIN, KEITH Rating: SBUY ------------------------------------------------------------------------- * PHCM -- PHCM: TEN LEADING JAPANESE MANUFACTURERS ADOPT PHCM BROWSER Analyst(s): WOLK, MARIANNE;POWERS, JOHN Rating: BUY -------------------------------------------------------------------------

To: Spytrdr who wrote (8370)	9/9/1999 9:48:00 PM
From: Spytrdr	Respond to of 13953

FOCUS-Merrill Lynch latest to buy into Archipelago ECN By Elizabeth Smith NEW YORK, Sept 9 (Reuters) - Archipelago, which runs a computerized stock trading system, said on Thursday that securities firm Merrill Lynch & Co. (NYSE:MER - news) was the latest high-profile investor in its privately held company. Merrill Lynch joins a slew of financial giants that are banking on the future of two-year-old Archipelago, a so-called electronic communications network (ECN) that is seeking to become a full-fledged stock exchange. Archipelago will use the capital to open a New York office and to bolster its ``financial wherewithal' to become an exchange, said Chief Executive Gerald Putnam, a former stock broker who co-founded Archipelago with Chicago software firm Townsend Analytics. Archipelago declined to disclose how much Merrill paid for its 14.3 percent stake, a source close to the deal said the securities firm paid between $25 million and $30 million. The Merrill investment diluted the stakes held by the previous investors to 14.3 percent each. They include Goldman Sachs, E*Trade Group Inc. (Nasdaq:EGRP - news), J.P. Morgan & Co. Inc. (NYSE:JPM - news) and its American Century affiliate, Reuters Group Plc's (quote from Yahoo! UK & Ireland: RTR.L) Instinet Corp., Putnam and Townsend Analytics. Like its competitors, Merrill Lynch has pumped money into many trading systems to keep up with the fast-changing securities industry. The firm also owns stakes in Optimark, Brass Utility and has joined Goldman Sachs Group Inc. (NYSE:GS - news) and Madoff Securities to develop a system called Primex. ECNs are often just a cluster of computers in an office that anonymously match and carry out stock trades. Their success in winning market share from traditional exchanges, though, has shaken the securities industry and left experts wondering about the future of stock trading. With equity in Archipelago, Merrill is hedging its bets on the direction the brokerage industry will go, that is, toward the increased use of ECNs, compared with traditional, centralized stock exchanges. ``In five to 10 years, the markets are likely to look a lot different than they do now,' Merrill Lynch spokesman Jonathan Humphreys said. ``As a securities firm, we want to position ourselves so we are aligned with the potential winners.' Chicago-based Archipelago secured a lease recently in Manhattan's downtown financial district at No. 65 Broadway, near the New York Stock Exchange, the world's No. 1 stock market. It plans to spend about $5 million to set up in New York, where its computerized trading operations will take up an entire office floor, Putnam said. The company will erect a ``trading wall', a massive screen displaying trades underway in Archipelago's computers. ``Our wall will be designed to help create an image for the exchange,' Putnam told Reuters. ``People are used to seeing (the New York Stock Exchange) now on CNBC for example and I think we need to create that same image in the absence of a physical exchange.' Asked if he would want CNBC's Maria Bartirimo to report in front of Archipelago's wall, he said: ``That would be great.' Bartirimo's reports from the floor of the New York Stock Exchange have attracted millions of TV viewers. Archipelago in August filed with the U.S. Securities and Exchange Commission (SEC) to become a securities exchange. The SEC is expected make a decision in nine to 18 months, Putnam said. Putnam has flown to Washington to whip up support for his cause, but declined to name whom he was working with on Capitol Hill. ``We see them (Congress) supporting us in the pursuit of a national securities exchange,' Putnam said. ``We are totally against the country-club structure of stock exchanges.' The idea behind Archipelago is to secure exchange status and then convert to a publicly traded, for-profit company.