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To: NASDBULL who wrote (8682)11/5/1998 6:43:00 PM
From: Tae Spam Kim  Respond to of 119973
 
Scoop on E*Trade! (EGRP)
Bloomberg found out that E*Trade filed the necessary documents to the SEC on
November 4th to start their own proprietary mutual funds like Charles Schwab (this is
not shown on the regular press wires yet). The first one will be a no-load S&P 500
Index fund. They are doing everything right: great site/community, great research, free
real-time quotes, web stock discussion, free email, insurance, e-loans, etc. E*Trade
has over $400 million in cash and is the perfect Internet online trading play. They're
going to spend over $150 million in marketing in the next 12 months hoping to acquire
over a million new customers. I believe the stock price is way undervalued current
prices ($21), in other words this stock is going UP.

Tae Kim
TJK Market Letter
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