To: SLSUSMA who wrote (11295 ) 2/1/2000 7:22:00 PM From: Spytrdr Respond to of 13953
i doubt anybody takes their buy and sells decisions based on what they read on a message board. EGRP is a great investment if you believe in the company, but it's a very rough ride so far, worse than i expected. on other news: Apple, E*Trade Shares to Trade on Pan-European Easdaq (Update2) 2/1/00 8:27:00 AM Source: Bloomberg News (Closes trading activity in third-to-last paragraph.) Brussels, Feb. 1 (Bloomberg) -- Apple Computer Inc. is one of five Nasdaq stocks which will begin trading on Easdaq next Monday, as the Brussels-based market aims to become the major pan-European exchange for technology stocks. Quote Snapshot MSFT 102.94 5.06 DELL 38.94 0.50 AMGN 65.31 1.63 QCOM 136.06 9.06 CSCO 117.81 8.31 AAPL 100.25 -3.50 Enter symbol: ú Symbol Lookup sponsored by Quotes delayed 20+ minutes Trade Now with our broker sponsors Easdaq brokers will be able to trade Apple, E*Trade Group Inc., the No. 2 online broker; Network Associates Inc., a maker of network security and management software; Qualcomm Inc., a maker of wireless phones and the chips that run them; and Xeikon NV, a Belgian maker of digital printers, from Feb. 7. This is a 'further step in Easdaq's strategy to become Europe's dominant market for trading international securities,' the exchange said. The five stocks are the latest batch of dual listings which Easdaq has announced, and it plans to add more. Last month Easdaq made 10 Nasdaq stocks -- including Microsoft Corp., the world's biggest software maker -- available for trading. Traders can buy a stock on Easdaq and sell it on Nasdaq, or vice versa. Easdaq is enacting new measures to attract dual-listings. Companies already listed in Europe, the U.S. or in Israel, are able to apply for an additional listing on Easdaq without having to prepare a prospectus, as long as they don't sell any new shares. Easdaq said it's eliminating listing fees for such companies. In addition, Easdaq market makers can ask Easdaq to create trading facilities in U.S. stocks without having to ask for the companies' permission. The new listings are transforming Easdaq into a trading platform for some of the largest companies in the world. Microsoft is worth 10 times the total value of all the companies listed on Easdaq, 52 billion euros ($50 billion). Competition Nasdaq is close on the heels of Easdaq, planning to set up a similar exchange to be called Nasdaq Europe next year. For Easdaq to compete with its U.S. rival, it will need to make sure there's enough trading volume in the stocks, analysts said. Without such liquidity, it becomes difficult to buy or sell large blocks of shares without big price fluctuations. Seven blocks of Microsoft shares exchanged hands on Easdaq today, making the world's biggest software maker one of the least active stocks on the exchange. Among the nine other Nasdaq stocks which started trading on Easdaq in January, one ---Yahoo! Inc. -- didn't trade at all. Meanwhile about 2 million Yahoo! Nasdaq- listed shares exchanged hands in the U.S. before the Easdaq closed today. Only three of the new stocks had more than 10 trades: MCI WorldCom Inc., Cisco Systems Inc. and Dell Computer Corp. 'You need to start somewhere,' said Gregory Brasseur, a trader at Vermeulen Raemdonck, a unit of ING-Barings, who trades Easdaq stocks. 'If more market makers get in these stocks, I think we can go forward.' Seven brokerages have registered as market makers in Xeikon shares, while three signed up to trade Network Associates and two each for Apple, Qualcomm and E*Trade. Market makers agree to always offer bid and ask prices for stocks, thereby creating liquidity. The more market makers, the easier it is to trade the stocks.