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

To: John who wrote (13500)	5/2/2000 1:22:00 AM
From: Spytrdr	Read Replies (1) \| Respond to of 13953

you really think so? say that to those who paid $ 200 for ICGE, it was on top of the world then. stock prices don't reflect much nowadays, except popularity. ___ "ETrade's stock price speaks volumes about the kind of company ETrade is"

To: John who wrote (13500)	5/2/2000 1:33:00 AM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

i think that what EGRP's stock price reflects, is what MLCO, MSCO, GSCO, LEHM, PWJ, SBSH, etc want it to reflect. sadly, we are at their mercy and you can't expect those guys to be very kind with us. SCH doesn't trade on the Nasdaq, so it's not affected too much by those guys. ___ "ETrade's stock price speaks volumes about the kind of company ETrade is, how customers feel about E*Trade, and how Wall Street has valued that information into the price of your stock."

To: John who wrote (13500)	5/2/2000 1:41:00 AM
From: Spytrdr	Respond to of 13953

here's for you John from the latest Hambrecht & Quist report: "If EGRP had the same calendar 2001 revenue multiple of SCH (not out of the question), the stock would be trading at $59 a share, today! Even applying Schwab's current multiple of the most optimistic estimate of 2001 EPS ($1.45 according to First Call, equates to 35X) to our 2002 E*Trade EPS estimate, equates to $48 a share." Message 13416182

To: John who wrote (13500)	5/2/2000 10:40:00 AM
From: thinkbach	Respond to of 13953

I think the proof is in the pudding. ETrade's stock price speaks volumes about the kind of company ETrade is, how customers feel about ETrade, and how Wall Street has valued that information into the price of your stock. Muddy thinking. Stock prices reflect perceptions based on emotion. If the logic that stock prices had anything to with the actual company they represent I think we'd see a different market. As soon as the perception sinks in that Etrade is a profit-making machine, customer service will not be much of an issue. It is not that* much of an issue now, at least on the large scale. the numbers show people signing up, not too many leaving, assets and revenues growing. All these numbers are far more significant than the stock price number. Duh. Also, your argument does not account for the inordinate negative view of this company and others based on circumstances external to the actual companies. I think the inordinate short interest is more than just a bad habit on the part of numerous traders at this point. I think EGRP as a stock is similar to AAPL a year ago, having the "4th occurrence in 5 quarters that company has issued positive earnings surprise". AAPL went down and stayed steady for 7 or 8 positive quarters. Why? Habitual negative perception. Best of luck