Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spytrdr who wrote (12829)	3/29/2000 9:57:00 AM
From: ecommerceman	Respond to of 13953

I never touch these things myself, but for those that do... from InvestTools: 1. Options Play on Soaring Online Broker (AMTD) Online brokers are a direct beneficiary of today's skyrocketing NASDAQ as their customers flock to trade soaring tech stocks. To play this trend, option expert Bernie Schaeffer advises buying calls on Ameritrade Holding (AMTD - $23.00). The online broker targets a broad market of self- directed and value-conscious retail investors by offering brokerage services at prices significantly lower that major competitors. Shares of Ameritrade are on the rise after rebounding off of double-bottom support near $15. The stock spent the last three weeks consolidating toward its 20-day moving average, and shares bounced sharply last week. Schaeffer attributes some of this bullish movement to renewed strength in the broker/dealer sector. The AMEX Securities Broker/Dealer Index has gained 40% since February 2000 and is now at record high levels. Though Ameritrade is riding high, Schaeffer sees record numbers of investors betting against the firm. Short interest rose by 14% last month to reach its highest level ever at 20.2 million shares. "With a short interest ratio of 6.1x the stock's average daily volume, a short covering rally could add momentum to the equity's recovery," Schaeffer says. On March 23, 2000, Schaeffer recommended buying the August 15 call (TQAHC). For more on Bernie Schaeffer's advice see "Aggressive Portfolio," April 2000, The Option Advisor. Bernie Schaeffer provides practical option investing recommendations that are simple to understand and execute.