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

To: ChopChop99 who wrote (2317)2/20/2000 5:34:00 PM
From: neverenough  Read Replies (1) | Respond to of 10270
 
The extra accounts would be great for their bottom line if people were steadily pumping new money in to fund them, but we all know that new money is not what's funding the accounts. We take profits out of existing E*Trade accounts, and move it into new E*Trade accounts, which adds to their expenses without adding one plug nickel of anything to their benefit.

Your right on the money there! The question is, what percent of new accounts are being funded with existing capital already at etrade? I know for me it's a 100%...



To: ChopChop99 who wrote (2317)2/20/2000 10:46:00 PM
From: Deeber  Respond to of 10270
 
Dont forget the fact that Etrade GIVES people $100+ to open an account...my buddy got $400 in credit to a Computer store from etrade, they opened 4 accounts, each got $400, they put in $1000 each and NEVER trade. This free $$ will cost Etrade in the long run, as a lot of these people dont trade at all, just do IPOs and hold the account to get the free $100+.


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