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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (12198)	9/13/1999 9:48:00 PM
From: xcr600	Read Replies (1) \| Respond to of 57584

Unfortunately the timing may provide as big a pop. Looks like e-brokers could be considered a cyclical as well as e-tailers. Now that the days of low summer volume have disappeared I will begin to do some buying once the last of the sellers are shaken out. This should do it. quote.bloomberg.com Online Stock Trades Fell in August; 3rd-Qtr Drop Seen (Update2) (Closes stocks.) San Francisco, Sept. 13 (Bloomberg) -- Stock trades through Internet brokerages fell 2 percent in August, making it more likely online transactions will post their first quarterly decline, Credit Suisse First Boston said. Fewer online trades were made in both July and August than in the corresponding months of the second quarter, indicating ``a sequential decline in trading volumes' for the third quarter, analyst Jamie Earle said in a note to clients. ``Online brokerages indicate they've already seen a pickup in trading volumes this month, but are doubtful the increase will be enough to temper the softness' of July and August, she wrote. Internet brokers' transactions had more than doubled in the nine months ended on June 30, to almost one in six U.S. stock trades, as investors bought shares of companies doing business on the Web. Trading has since slumped as Internet stocks lost favor. The Bloomberg U.S. Internet Index fell 14 percent since July 1. Shares of online brokers fell today, with the Bloomberg index of such companies down 2.6 percent. Charles Schwab Corp., the biggest Internet broker, fell 2.8 percent to 36 7/8; Ameritrade Holding Corp., the fourth-largest Web broker, dropped 3 percent to 18 3/8; TD Waterhouse Group Inc., the sixth-largest online broker; slid 6.7 percent to 13 1/16, and E*Trade Group Inc., the No. 2, rose 0.8 percent to 24 13/16. CSFB bases its statistics on spot checks with brokers and actual trading in 40 stocks that are actively bought and sold by online investors. The stocks include Verticalnet Inc., an operator of business-commerce Web sites; software makers BroadVision Inc. and Vignette Corp., and the online brokers themselves. Earle formerly assisted Bill Burnham, who began compiling statistics on Internet brokers in early 1997. Burnham left CSFB last month to become a general partner with Softbank Capital Partners, a venture capital firm. Charles Schwab is due to report its August trading volume this week. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.