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

To: Sly_ who wrote (9098)	10/29/1999 8:57:00 AM
From: wily	Read Replies (1) \| Respond to of 13953

ETRADE PLUG The Staying Power of Tech By James J. Cramer 10/29/99 7:13 AM ET Why not sell technology? Why not jettison it and just go long all of the Chases (CMB:NYSE) and the Mellons (MEL:NYSE) you can find? Believe me, we have this debate every day at Cramer Berkowitz, and I want to bring you in on it. Cramer's Latest: Join the discussion on TSC Message Boards. We don't like to own stocks that go down or do nothing. Remember, every hour, I schlep into Jeff's bountiful, spacious, beautiful, twice-the-size-of-my-office office and sprawl on the floor next to his coffee table -- like I have room in my office for a desk, let alone a coffee table -- and we go over each stock painstakingly and rate them. These sessions are kind of like rotisserie baseball or football sessions -- you know, where we make cuts, try to fill up the roster with good players and avoid the guys who make errors. Right now, the tech players are making a lot of errors. But we keep them on because we know that the financials, the foods and the drugs, while great catch-up players for this tape, really don't have the longevity that tech has. Yeah, there is a word that you usually don't see much associated with tech. But the staying power of the companies and their managements in this sector is just too great to field a team without them. Over the next few weeks, as this strong move plays out, I will continue to refer to techs because they have to be part of your portfolio. In fact, I don't think you have a portfolio without them. But the action here and now is strictly Goldman Sachs (GS:NYSE) and E*Trade (EGRP:Nasdaq). And I am not going to bench those players yet. Not when the going is this good