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

To: Roger Bodine who wrote (12449)	3/10/2000 11:11:00 AM
From: Diamond Jim	Read Replies (1) \| Respond to of 13953

re: Mr. Jim, the long term goal with this type of company is to get the customers before the competition does. Once a customer has chosen, it is difficult to have the customer switch horses. It is rather time consuming & costly to switch, wouldn't you agree? -- yes. I sure would like to see the CEO be willing to wait for his pay day as well. That 75M sure does get under my skin. I know it is peanuts compared to what he will get when the stock flies. jim

To: Roger Bodine who wrote (12449)	3/10/2000 12:16:00 PM
From: SLSUSMA	Read Replies (2) \| Respond to of 13953

Not really hard to switch OLBs. It takes 5 minutes on-line to apply to another OLB, 45 seconds to download, sign, and mail the transfer form (oh, and a 33 cent stamp), and you then get to wait 2-3 weeks while your account is frozen. Now, while active traders may hate having their accounts frozen, most of you E-Groupies profess to be buy and hold kinds of people. In fact, that the counter-argument I've been hearing: "we E-Groupies of the world are buy and hold; we believe in the company, and we will buy on dips and hold until it runs." Therefore, if you are buy and hold like the Motley Fools, then waiting 2-3 weeks for an account transfer is meaningless. It's not hard to switch OLBs.