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

To: Volsi Mimir who wrote (2673)	4/2/1998 1:51:00 AM
From: Shi	Read Replies (2) \| Respond to of 13953

Eddy, I did a search of the Edgar. Gee, what I found really surprised me. Fidelity has a 10.55% ownership of EGRP. This plus T.R.Price, Firstar (don't know what it is), and a couple of other investment LLP accounst for 45% of the stocks. Fidelity alone seemed to have increased their position by 2% in Jan. These are only institutions with more than 5% ownership. I don't know how much the insiders own, presumably quit a bit (more than 10%?). I wonder whether the insider selling was arrange to sell to some of these institutions. It looks like the big boys are in. This can be both good and bad. If they dump, we small boys will be in deep sh*t. Let's pray E will make its number. Shi

To: Volsi Mimir who wrote (2673)	4/2/1998 1:53:00 AM
From: Michel Bera	Respond to of 13953

Eddy and Avenger, My belief is that online brokerages may benefit of future international revenues, as Nasdaq expands into non-US countries. The partial internationalization of SI could be taken as another hint. YHOO and AOL benefited from such internationalizations. AMZN is quite different, being for 30% (?) of its revenues on the niche of selling US books to non-americans, at a far cheaper price, shipping included, than local distribution channels. Besides, there is an advantage to leaders, and EGRP is leading the 100% online brokerage market (SCH is hybrid). I bought and decided to hold for one year, which is more investing than trading style. Just my two cents, MiB