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


To: fut_trade who wrote (3202)7/13/1998 10:03:00 PM
From: michael liu  Read Replies (2) | Respond to of 13953
 
We'll see at least $45 in a week time frame.
Softbank can't sell their shares in 2 years
which means no dilution, but a lot of cash.
Big brokage firm upgrades it as a strong buy.
I will definitely see a big gap up tomorrow.
Most likely close at $38-$42. Good luck.
A lot of people are trading online now. See
the real quote (free) and then trade it.
Nice concept.....

Michael



To: fut_trade who wrote (3202)7/13/1998 11:15:00 PM
From: Baghul  Read Replies (2) | Respond to of 13953
 
Compared to the other online brokerage stocks, EGRP looks like a bargain. Compare the Price/Book ratio (a good measure for internet stocks since most of them don't have earnings)

AMTD 10.2
SCH 8.23
EGRP 3.35! ONLY

Another interesting point is that

Outstanding shares 39.3 mil

Insider shares 9.1 mil
Shorted shares 8.2 mil

Total locked shares 17.3

That leaves us with 22 million shares give or take a few. Today it traded 8 mil shares. With such a small number of shares available for trading, I would not be surprised to see EGRP trade close to 20 mil shares tomorrow. We'll see if we can hit the 52 week high.