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: ecommerceman who wrote (13245)	4/21/2000 2:41:00 PM
From: ecommerceman	Respond to of 13953

At one time in late 1998, I had 2,000 shares of EGRP--pre-split, which would be 8,000 shares now--until I read a Street.com report which was extremely critical of E*Trade, and I sold half of my position for a measly 2k profit. Those same shares, which cost me about $12,000, were worth $250,000 roughly six months later. I learned then to apply a little more critical intelligence to some of the crap that comes down the pike from these people--critical intelligence that, frankly, they don't often apply in their scribbles...

To: ecommerceman who wrote (13245)	4/21/2000 3:18:00 PM
From: eDollar.com	Read Replies (1) \| Respond to of 13953

Right now is, not any ones time time to make up the losses by buying or rotating to ebrokers. If u have any chance of recovering part of the losses, better to play established names which have taken a 50 percent hair cut. Like EXDS, YHOO, QCOM and some which have earnings. EGRP is a good stock but the current environment does not help. If accross all the bright times last quarter etrade/ameritrade cannot rally I think they will ever rally in gloomy days ahead. I am pretty sure the NASD vol will decline and magrin debt will be low. Further lot of brokers will have to absorb margin losses. Shortterm doesnt look Good. I would wather be happy to buy QCOM for a potential 20% gain in 6 months rather than eTrade for potential 50% gain. I am more comfortable with a company that has a good outlook in a BEAR market.

To: ecommerceman who wrote (13245)	4/21/2000 3:40:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

you'll see in this link that during the slow Q3 1999 that affected the sector, ETrade was the only one showing 14% sequential revenue GROWTH, while all the others, including SCH and NITE, were showing slight sequential revenue declines (-10% for SCH, and -5% for AMTD). account growth at ETrade is so amazing, that it cushions it from whatever summer slowdowns you wanna throw at it. this quarter will be even better, since we have 608,000 new people clicking and clicking now. so, what Caroline Humer at TheStreet.com just wrote in that article on SCH and supposedly more trading dependent online brokers like EGRP is misleading and false. EGRP still showed 14% revenue GROWTH during the summer slowdown of 99, while SCH did NOT, showing a 10% DECLINE. how come? because "asset productivity" at ETrade is much higher than at Schwab, and acccount growth is off the charts. check the facts: boards.fool.com