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


To: Spytrdr who wrote (13612)5/7/2000 6:15:00 PM
From: SLSUSMA  Read Replies (2) | Respond to of 13953
 
Bullish SCH because it will be valued at a high P/E for the next couple of cycles, for the simple fact that it makes money and investors now tend to flock and support internet/internet related companies that make money. Notice that in the recent OLB correct, SCH seems to have held up much better than E*Turd. I remember when SCH and E*Turd were both around $35 a share in the recent highs - which I think you called me names back then for recommending SCH over E*Turd. In fact, we got into our first argument over the E*Turd CEO's mail order MBA from Pepperdine versus Schwab's Stanford MBA, if I recall correctly. Since then, SCH has moved up to $45 and E*Turd is a teenager. By contrast, E*Turd, the OLB that couldn't (make money) will continue to be scorn and ridiculed as a typical, money blowing web company (a la Value America - did you see the article a BusinessWeek a couple of weeks ago?). Ergo, E*Turd is dead money for the next couple of NASDAQ cycles.

Don't get me wrong, there will be a time to invest in E*Turd for the long haul, however, not until the company makes a decent amount of money and improves its poor reputation.