Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: latestswami who wrote (9662)	12/4/1999 7:50:00 PM
From: sim chambers	Respond to of 13953

regarding the counting of vol on nasdaq. they may count twice, but that has how it has always been. we need to look at the increase in vol year to year etc, that is what the trading volumes at egrp are based on another topic: there are morons "analysts" that worry that commissions will go to zero. they are completely wrong. this is partially what has held the stock down in last 5 months. egrp has set the floor in comm with the $5/trade for volume traders ($10 limit). i trade several thousand shares at a time and 400+ times last month, and all for $20 round trip (limit orders). smart people arent goint to change to other brokers to save $3 a trade etc. moving accounts sucks, and 10 bucks a trade is worth it for me and thousands of others. i find trade execution very good at egrp. they are building a business, they have huge motivation to get the best execution for me. i usually see my trades on time and sales immed. if you have a perspective like mine, having built 2 businesses, you further see that they are going all out for the customer. the little guys want your money, without the effort...they know it will not last for them. this thought of commissions going to zero is a notion that was born out of skepticism by wall street morons. when you have a product or service you sell it. no ifs ands or buts. give your vol customers lower rates, but the smaller customers continue to pay for trades say at $20. simple as that. it wont necessarilly be a privellage (sp) to have your account at egrp, but you WILL WANT to be there for other reasons, besides the great commissions. (ipos, research, safety in a big firm etc) that is the BRAND thing. the coke vs generic scenario. little accounts are profitable, but are not profitable enough to give free trades. the clout of the brand will pull in the customer even if a pipsqueak broker says trade free if you have $25,000+ margin balance. read any of the fine print on these free trading schemes and you find out rapidly that it is not worth the time and effort. so, this concept of a floor in commission prices being set is our launch pad for egrp to become the monster that it is. in fact, when the lemming analysts on the street figure this out, they will salivate over what egrp has created. this is the monster stock of 2000