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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: Proton who wrote (1193)	4/17/2000 12:27:00 AM
From: Jeremy G. Browning	Respond to of 1413

I'm entering the margin debate. Good exchange of information. There are always going to be extremists. Obviously the past few days wounded allot of sectors in different ways. The bottom line, shorts have been increasing, shorts are margin, seasoned investors were covering early limiting loss, and yes there were those who were margined to the gills and will not play seriously for some time. Not all investors were actively shorting and not all investors were margined to the gills. Saying all margin revenue is lost or there will be no change in revenues is extremely speculative. If I'm a person capable of influencing folks to sell me their shares cheap it may be a good excuse to fuel an over anxious selling climate. The excessive use (abuse) of margin early in my stock trading career nearly sent me out of the market. Now I'm more cautious and investing more capital than ever. My point damage has been done how catastrophic is yet to be seen. A full 20% loss in revenues do to lost margin IMO is not likely, additionally, no loss in margin revenue is not likely. If you analyze the limited data available for TWE, the abundance for the other sector leaders, I think you?ll find that through previous corrections earnings and growth have not suffered. Realizing that this is a tough correction that may not have played itself out, IMO TWE is going forward with as solid an earning potential as any other company. Biggest problem with TWE is customer service and the product. They need to improve the quality of both and provide more trading tools. There recent acquisition indicates their desire to become number one and the management team is devoted to the necessary changes. Their product needs to be so wonderful that investors flock from the other company?s simply for the product. Best product at the best price wins in all markets over the long hall. BTW I am a TWE shareholder but do not use there service. The first time I bough Wal-Mart I was not a frequent shopper either. All my personnel opinion. jb