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

To: Diamond Jim who wrote (8889)	10/13/1999 2:21:00 PM
From: bw	Read Replies (1) \| Respond to of 13953

Currently have no position in EGRP, longtime customer and therefore obviously like the company...but, here's some objective, if not original, opinions: 1. Etrade's the best, but enormous competition will limit upside. 2. Telebank was bought at very high premium and its growth of new accts. has been somewhat artificially enhanced by "teaser" rates. [I got my 6.75 CD, at the expense of my Etrade acct. balance, probably like many others]. 3. No matter how you cut it, rising interest rates have negative impact on financial stocks. 4. Market downturn = fewer transactions & always bad for brokerage stocks. Many positives for EGRP going forward, however, just wanted to add some balance to those predicting $70 near-term.