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

To: SLSUSMA who wrote (10457)	1/6/2000 1:56:00 AM
From: Spytrdr	Respond to of 13953

that's not very precise. i've been following this stock since i opened my account in 97, and know it like the palm of my hand. EGRP had a horrible and ridiculous dip in october 98 (the same day the whole market put in a bottom, october 8 i think, and even after the Softbank investment in EGRP news was out, which made the drop even more insane, since Softbank was paying $ 26 a share i think pre-all splits), and it started it's amazing 1500+ % run from the very next day on. it was a thinly traded stock still and the bid-ask spread used to be quite wide, a full point sometimes. in november 98 the EGRP chart already looked absolutely beautiful, steady upward movement, never dipping below the 20-day, but morons were still playing only the usual suspects, YHOO, EBAY, AOL. in january the rise gathered some more steam as the stock garnered more attention from the imbecile talking heads on TV who miraculously discovered that people were trading online in increasing numbers. then brief dip in february because of some well-publicized outages, and then the orgasmic parabolic move in april which i played masterfully and fully margined to the hilt, of course selling some shares with a trailing stop at $ 138 the day it opened at $ 144 (and AMTD at $ 180, oh boy) as the move was too frenzied to last, as those moves always are. 2-3 days of nosedive came later, where AOL dipped 19% in one day and same thing for other internet stocks, got in again at $ 70 with my daytrading shares at that price, which coincided with the amazingly good quarter, stock rose again very fast to $ 130. we all know the rest, split, etc. the stock should never have fallen below $ 30 ($ 60 pre-split) after that, but the prostitutes working as analysts for old-farts brokerages took advantage of the situation and the slow summer months and tried to kill EGRP as much as they could, repeating day after day after day how people were on vacation and trading volumes were dwindling. those same prostitutes didn't mention the skyrocketing volumes as people came back from vacation and the market skyrocketed, changing their tune instead to how investing in these stocks based on volumes is a fool's game. ___ "Actually, EGRP (and the rest of the OLBs) started running about mid January last year"