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

To: Oeconomicus who wrote (3233)7/14/1998 12:12:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 13953
 
Bought more on dip also. Mostly shorts and profit takers this morning. So many fundamental reasons to like EGRP

#2 on-line trading service (15% of market)
400 mil cash infusion to acquire more market share
Deal with Softbank...(More yhoo/egrp deals in future?)
Cheap compared to internet sector
Expanding into world markets aggresively

However, I like the short term reasons better. Over 8 mil shares shorted. This squeeze has just begun. It's broken above both it's 50 dma and 200 dma on heavy volume. Soon the 50 dma will start trending above the 200 dma (great sign of recovery from trading range/decline over the last yr). Yahoo/amzn money will flow into egrp and amtd.



To: Oeconomicus who wrote (3233)7/14/1998 12:39:00 PM
From: fut_trade  Read Replies (1) | Respond to of 13953
 
>Actually, I'm back in this AM. Buy the dip, people. <G>

I still trying to untie my guts from the action during the early part of the day.

I have no problem with a steady rise. In fact I feel more comfortable holding a stock that doesn't whipsaw. We'll see what happens during the rest of the week.


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