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To: Glenn D. Rudolph who wrote (4725)10/8/1999 8:30:00 AM
From: oilbabe  Read Replies (2) | Respond to of 10027
 
Glenn: Before you buy EGRP, take a look at the downgrades from MSDW this morning. Downgraded SCH and MER, saying the cost of trading could eventually go to zero according to CNBC. This will, or course, wreak havoc with NITE once again!
I am all for taking tax a loss and trading into a similar stock, like Brazilian stocks, or OSX stocks. They trade pretty much in tandem, and you can take the tax loss and still be in the sector. To sell NITE now, IMHO, would be a mistake. There is nothing comparable to NITE! This is the best season coming up, volatility is picking up, and it appears that, with the wind in its face, NITE is no longer going down.



To: Glenn D. Rudolph who wrote (4725)10/8/1999 9:12:00 AM
From: Bob Kim  Read Replies (1) | Respond to of 10027
 
I am thinking of selling the balance of my NITE and replace it with EGRP.

Glenn,

The OLBs and NITE appear to go in and out of favor as a group and so far NITE hasn't differentiated itself from the OLBs despite its wishes. If you're playing a rebound in the group, EGRP is probably as good a choice as any. As you well know, the full service traditional brokers are less than democratic in helping their clients become wealthy: selective IPO allocations, inequitable research dissemination, etc. I think EGRP has been creative and proactive in filling out its services, including IPO access. BTW, did you notice that MLOL's research component was down most of yesterday and that most of the ML calls you hear about on CNBC never make it to the retail clients.

Bob