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

To: Phil Tran who wrote (13816)	7/20/2000 12:54:35 AM
From: Phil Tran	Read Replies (1) \| Respond to of 13953

From today's release-->"net profit from ongoing operations is $0.5 million." This is the second consecutive quarter in which ETrade has been profitable. etrade.com ETRADE SURPASSES $1 BILLION IN REVENUES FOR FIRST NINE MONTHS OF FISCAL 2000, ACHIEVES BREAK-EVEN RESULTS FROM ONGOING OPERATIONS Reports Net Income of $5.7 million, or $0.02 a share, compared to loss of $0.09 a share a year ago Third Quarter 2000 Highlights: --Grows revenues to $330 million, up 77 percent from a year ago Customer assets rise 121 percent from a year ago to $60.7 billion --Average daily inflows rise 74 percent from a year ago to $121 million --Expands gross margins to 62 percent from 56 percent a year ago --Reaches nearly 3 million accounts, adding 330,000 net new accounts From our CEO C. Cotsakos: "Today, ETRADE is extremely well positioned relative to both the online competition and the traditional legacy players, because we have already made the strategic investments to drive our growth and profitability. We have built a blue chip e-commerce brand that is known around the world; we have established a proprietary technology infrastructure that few can replicate; and we have diversified our revenue stream through banking, fee-generating asset gathering initiatives, global expansion and a rapidly growing institutional business. Bottom line, our results clearly demonstrate that ETRADE has the revenue-per-customer, consistent growth and gross margins to be a blue-chip e-commerce company and the leading online financial services provider for the 21st century." <Go to the link for the rest> --Phil Tran

To: Phil Tran who wrote (13816)	7/20/2000 2:06:01 AM
From: SLSUSMA	Read Replies (1) \| Respond to of 13953

Read my posts again - I never said I was a long term holder (long or short). I said short with impunity on any run or mini-run. Obviously, one cannot short on a down tick. As for shorting at levels you consider low, consider my call to short this stock in the $30's months ago, when the conspiracy nuts and cheerleaders were saying that after a fall from $72, $30 was a bottom. We went to $20. In fact, I remember I was taking barrages left and right from notables such as Esway, BWAC, KM, spytrdr, ecommerceman, etc. Then the nuts continue to say that $20 was the bottom, we went to $13. Shorting at $20 last week (or high $19's) yielded a nice $2 return per share on a $20 stock as of yesterday. Not a bad trade for a week. Keep holding dead money long. Besides, you know a company is in trouble when desperate longs have to use words like "bitch", "asshole", etc. to attack the analysts and the shorts who are making money.