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

To: lebo who wrote (928)	10/8/1999 12:52:00 PM
From: Carol M. Morse	Respond to of 1390

This is from the Bloomburg article announcing the downgrade: "Since then (June 8th, when the stock began to retreat), Schwab is down 36 percent, while the S&P is flat and the S&P Investment banking and brokerage index has fallen 20 percent." It seems that we could be forming a bottom in the low 30's but I'm not a very good TA person, could someone confirm this? Also, a 36% decline would make SCH oversold in my book and that's why I bought in recently.... I agree with Dalin that this is just Schwab bashing and trading volume is definitely not their only revenue stream. Besides going to extended hours in November, they also get a piece of Fidelity's new extended hours trading. Hang in there! CMM