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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?

To: Topannuity who wrote (2288)	2/19/2000 5:41:00 PM
From: Jeff Jordan	Respond to of 10270

It also should be expected that EGRP will not shoot the cow that got them here either ....one might assume they would use their growing clout to gain greater access to larger slices of the IPO pie....2 metaphors<g>

To: Topannuity who wrote (2288)	2/19/2000 5:52:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 10270

Here's why E*Trade may indeed force consolidation of multiple accounts... Yes, their main claim to fame is their tremendous number of accounts. But because so many of those are duplicate accounts, the only thing that the large number of accounts is any good for is bragging rights. That's it. I believe that two factors will cause them to crack down on multiple accounts: 1. They cave to the whining of the masses. 2. Eventually the multiple account game will become understood by their investors and a crackdown will be demanded. They spend ludicrous amounts of money getting these accounts, and since their managed assets are not really increasing as a result of the duplicate accounts, they continue to lose more money by maintaining the duplicates. Mailing statements, maintaining the database, etc.; all these things cost money and are terribly inefficient. They'll eventually figure these things out. I don't know when the crackdown will come, but if it's very soon it wouldn't surprise me a bit. Chop dollarstation.com