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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: Typhoon who wrote (907)	10/4/1999 12:55:00 PM
From: Dalin	Respond to of 1390

Nah, you haven't made a enemy of me. Everyone has to do what they see fit and we can't be all positive on the market or there wouldn't be one. I take everything I read here with a grain of salt. I don't have the guts to bet on the market dropping further at this point, although I did short some stocks at the beginning of summer. That was hard enough. (my first time) I am better at buying and holding, and its always worked better for me. I am holding a big percentage of cash, just in case, to use if the market does tumble. And there is always margin. I just prefer not to go against the grain of the market in general, which is always bullish. Short term, we may enter a bear market but it will turn around. Always has and always will, barring armageddon, then you can't use the cash anyways. <g> If the market goes down, I think the odds are good I will make money. Good luck to you in that (NOT) <g> Maybe we'll both make some money, eh......so, uh, I guess I'd have to say, you first! <gg> BTY! D.

To: Typhoon who wrote (907)	10/4/1999 5:16:00 PM
From: Carol M. Morse	Read Replies (1) \| Respond to of 1390

Good luck on your short adventure...but I'm more like Dalin in my outlook. Yes, Schwab and other olbs may experience low trading volumes if the IPO market crashes, but I just don't see that happening. I for one, learned to keep more cash on the sides after last year's REAL problems, so that I can buy some good bargains if they appear. I have bought my SCH stocks in the low 30's and if it goes to 11, I will buy a whole lot more! But, as a West Coaster, and long time Schwab Company user, I have watched this company grow as the internet grows. Day traders may effect trading volumes somewhat, but what effect does extending trading hours have? I think that this will cause a big gain in trading volume for Schwab because it lets many more Westies trade than before, and Schwab can offer the liquidity that Island, etc. can't. So what if the market takes a dive in the near term, Schwab makes money on each transaction, regardless. Also, Schwab, is apparently doing quite well selling investment services to their online clients who are getting rich and need new advice on estate planning, tax strategies. This is giving them another revenue stream which should grow as the internet and online investing grows. For all those day traders that may die in the next correction, there are as many (I think) older investors who are going online so the pie will continue to get bigger, not smaller. Just my opinions of course, and good luck to you.......... CMM Back to lurking

To: Typhoon who wrote (907)	10/4/1999 5:29:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 1390

Sorry you chose "unwisely".Schwab and the other brokerage houses are poised for big upday tomorrow..check the closing bid/asked quotes.

To: Typhoon who wrote (907)	10/4/1999 5:32:00 PM
From: Kanetsu	Read Replies (1) \| Respond to of 1390

Typhoon, I will not argue the valuation of SCH based on fundamentals, as this market has shown how easy those are to ignore, but I think you have made a mistake by grouping SCH with other OLBs. Here are a few reasons off the top of my head. SCH clients are typically more affluent and educated, and although many are active traders, they are far different than, say DATEK's clients, and less likely to blow out. SCH does great business managing their client's 401 Ks, trusts, etc.. SCH has the best customer service, they lose less clients and word gets around. SCH site is the stickiest, look for them to somehow leverage all those eyeballs. SCH charges 29.95 a trade, and their clients pay it. To me this, is the #1 reason I would not short SCH, that's a lot of profit in every trade. Now, if rates rise and market tanks, you will be richly rewarded on your SCH puts, but I would feel better short one of the other OLBs. Shorting SCH was a great idea a few months ago, but I doubt there's much meat left on that bone, I could be wrong. In any case, you make coherent arguments and I respect your opinion, good luck.