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


To: Scott Kleinhans who wrote (10011)12/21/1999 9:44:00 AM
From: Curtis E. Bemis  Read Replies (1) | Respond to of 13953
 
Yeah, I noted that also-- Etrade has sooo, soooo many
incentive offers out there they begin to stumble. Besides,
a $49.99 kit, which gets you a book and a $100 account credit still does not get you an E*Trade account. For that,
you fork out $1000.



To: Scott Kleinhans who wrote (10011)12/21/1999 9:47:00 AM
From: desert fox  Read Replies (1) | Respond to of 13953
 
Hi,

I almost got one for my brother. What it does is that it allows you to open an account with no money down as in the $1000 minimum. Is it worth the $50 to do that? For some people it is? For some no? Especially if you have the required funds to do it.

What I don't know is:

Can you combine the $100 gift certificate(???) with another online promotion(such as the $400 rebate for a Mycomputer computer). If not, and you are giving to someone that is able to pay the minimum $1000, then you are not doing them any favors. If you can combine then it's not a problem.

What I do know is:

This is a long term acquisition strategy. I mean really long term. Think about it. This will serve to drop down the average account value. More so than a normal account. At 0 down, you can't get any less. If it is a smashing success, the account value will come down substantially but even without this promotion we can all expect it to go down right??? Again, maybe not. The reason is that internet stocks have gone way up and a lot of ETraders own internet stocks and hence since the market has gone up substantially from the last quarter, the account values should have gone up drastically unless you own lotsa etrade like myself.

On a side note, I finally got around to activating my Power ETrade account with two weeks left in the quarter. It is awesome. For an active trader, I would not look elsewhere. For a daytrader, I wouldn't know since I'm not one.

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