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

To: ecommerceman who wrote (13243)	4/21/2000 12:42:00 PM
From: eDollar.com	Read Replies (2) \| Respond to of 13953

Forget all the stupid analyst reports. i generally avoid them. the only time I really listened is buy PPRo at 120, because during that time not one but 3-4 hi profile firms came with strong buy and put 300 targets. Then i thought one can be wrong, but not 2-3. I thought if i get 200 I would bail out of PPRo, and not wait for 300. I know what it has cost me in 500 shares. About the eBrokerage sector, I think the sector is now dead money. Sure it may have dead cat bounce but there is much risk now because (1)lot of investors have been wiped out because of margin. i got wiped out in 4 accounts. many people will be very careful trading (2) The reports of how much unpaid margin balance these people will write off. It is going to be substantial. i am very conservatibe in margin and have to pay $269 to one broker. Those day traders who have folded operation will have to pay now 10K or more on average, and will brobaly abscond. Guess brokers absorb the loss. (3) More interest rate hikes. This will hurt ebrokers the most (5) record ad spending. If u put ebrokers with the same PE as traditional financial firms these are slill overvalued. etrade short term price is $30 in my opinion given all these uncertainities. sure buying now can get you 50% in 6 months, but imagine who bought $30 not long ago? I am not bearish or downplaying because of any interest but thinking more logical now. i have no regrets to the money I lost, because i am still up 500% playing IPO and chasing high flying stocks with no earnings. Down from 2000% in march. of course i started with only 10k in 1998.