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


To: Spytrdr who wrote (9650)12/4/1999 6:36:00 AM
From: Sly_  Respond to of 13953
 
I found these three posts on another board (clearstation.com):
Reprinted w/o permission of course.....

From : Hey_Dinky Dec 2 1999 7:33PM
Title : Technical continuation move

A brief refresher course on the right angle triangle (or coil). The coil is not a great reversal indicator but is an excellent indicator of a continuation move. EGRP moved up from 22 to 40 then consolidated back to 31 where it is now. There has never been a significant puncture of the base of support at 29 7/8.
Look at a 3 month chart on EGRP and draw the lines. I think you will find that we are only days away from a break out. A few things to look for.

1) narrowing of the spreads (trade range decreases) 2) bottom of triangle and top of triangle are never breached with significance. 3) Volume graph shows a similar downward slope as the coil nears an end.

Technical analysis tells us to avoid making any action until a clear and decisive penetration of the trending lines occurs, but given overall market trade volumes, optomism from retail investors there is no way (IMO) that EGRP will break to the down side. Also the stocastic tells us that EGRP is fully OVERSOLD, while the MACD remains positive, another confirmation (I use that word lightly) that the expected EGRP break out will be to the upside.

Smart money would wait for a breakthrough of the upper line on volume of atleast 8.5 million and holding onto a 1.5 point rise.

Could EGRP blow through the end of the right angle triangle with out action? It could, but I believe that EGRP is just looking for a good reason to move. A technical bias might be enough.

I fully expect egrp's trade range to remain narrow with volume decreasing until the break out. Look for this break through (assuming no disasterous market news) to come with in the next three days. All but minimal resistance has been removed through 43.

HEY_DINKY!

************

From : Stung Dec 2 1999 11:14PM
Title : Trying to run!

EGRP has been doing great pre market, but you can just see the shorts jump all over it out of the gate. Shorts have been making a lot of money. Can't wait for the morning they do it all over again, and we get some news. Make those shorts give it all back and then some. We'll have them to thank for the big rally.

****************

From : Danford_Mutual Dec 2 1999 4:57PM
Replying To : ray0072 (post 1974)
Title : Stock Manipulation

Looking at the chart it looks like the Market Managers are manipulating this stock courtesy of weak longs. They did it at the 22 level about a two months ago right before the run up. The MMs are manipulating this stock and all of the other OLBs. They are buying it at the 30 1/2 to 30 7/8 level to collect shares. When ever the stock starts to make a run they sell to keep the stock where they want it at. They will keep doing this until they collect the amount of shares they want and then they will let it loose by buying a lot all at once. Then thats when everyone else jumps in and forces the stock up even more. Basically it looks like the MMs are getting ready for the earnings reports to come out and they are collecting shares at this low level. Anyone with a brain knows this stock and all of the other OLBs are going to hit the roof coming this January after they report earning. The MMs are just making sure they have a large amount of shares to make money off of.

Dr Dan

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To: Spytrdr who wrote (9650)12/4/1999 2:07:00 PM
From: thinkbach  Read Replies (1) | Respond to of 13953
 
My favorite parts this week #1:

In a recent article, Dec 1, we learned about ETrade Israel:

biz.yahoo.com

I was delighted to find that ETrade is again increasing it's international revenue sources. Last earnings I believe they stated that 18% of revs came from outside affiliates, and that was prior to Japan and Germany being added, so Israel coming on board is even more money for the machine. Here's my favorite part from that article:

"As the second largest bank in Israel, Leumi offers E*Trade Israel access to a vast customer base."

I read that and though "Wow! Great news!" Vast customer bases are good. There was an article recently about ETrade having a more competitive time in some European areas, due to the customers favoring already-established OLBs. Well, if ETrade scores a hit with even half of their outside sites we'll be doing just fine...