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


To: Spytrdr who wrote (10412)1/4/2000 5:19:00 PM
From: SLSUSMA  Read Replies (2) | Respond to of 13953
 
I do have a short horizon for this stock. So does the rest of the market if you have not figured it out (you haven't, from the looks of it). There is no reason for the NAZ 229 point drop today if investors were long term. However, the market is not long term and neither is EGRP. Almost a year ago (10-11 months) EGRP's price was at this level, meanwhile the NAZ has been up what, 80%?, from a year ago?

Even you traded EGRP short term when you sold at the high in April. Had you been a long termer as you claim, you would have held. Good for you that you sold this POS.

I agree that the online revolution is the best thing since sliced bread, but the market is just not awarding it as such. Until the market does, there is no reason to park your money here long term. Short term trading will do just fine. A dollar invested in EGRP at this time last year is worth about the same dollar, if I remember correctly.