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

To: Esway who wrote (10089)	12/22/1999 11:31:00 AM
From: Francis Muir	Read Replies (3) \| Respond to of 13953

I sold my EGRP at 27 11/16 and picked up the same amount of TBFC at 27 9/16. Yes, I know I could have bought TBFC when they were discounted $7 but that's history and we know what Henry Ford said about that. It is true that after Jan 1, 2000 that the two companies could modify the terms of the deal, but I doubt that because of the impact it might have on the regulatory agency's position.

To: Esway who wrote (10089)	12/22/1999 2:56:00 PM
From: SLSUSMA	Respond to of 13953

I think the scenario you spoke of happened once or twice in recent memory (last 6 months). In fact, I think it happened once in November when EGRP actually closed higher in the PM than where it traded in the AM. Even then, it was about a $2-3 difference. Considering the amount you can make every day by selling at the open (usually good for $1-2), it is certainly worth the risk. I would be shocked to see EGRP close above $27 1/2 today. Tomorrow I think with the professional traders gone, EGRP will go down again. P.S. If you think this is bad, wait until the NAZ corrects in the coming months. Would not surprise me to see this POS in the teens.