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


To: Diamond Jim who wrote (8506)9/17/1999 3:29:00 PM
From: Green Receipt  Read Replies (1) | Respond to of 13953
 
You should take a look at the latest valueline report... your bye bye would become buy buy buy buy ...



To: Diamond Jim who wrote (8506)9/17/1999 8:45:00 PM
From: Spytrdr  Respond to of 13953
 
it was bye bye to NITE today.
that ECN alliance news sent it down the tubes these past days.
it has a PE of 25 right now and 12-month sales of more than $ 650 million with more than $ 100 million in profits, sports a 3.3 billion market cap.

but investors today were paying 2.5 billion for CommerceOne (CMRC), 3 billion for Net2Phone, and 8 billion for RedHat.
this market has lost all connection to reality a long time ago, it's all about MOMENTUM, MOMENTUM, MOMENTUM and that's all that matters.
in that sense, EGRP and the sector is in a vicious cycle right now, momentum has left since may, and we are unable to stage a meaningful rebound because there's no momentum and noone wants to play heroe (noone but me).
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