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

To: Green Receipt who wrote (4149)	1/8/1999 11:46:00 AM
From: Guardian	Read Replies (1) \| Respond to of 13953

OFF TOPIC FOR ALL: question for all: i put in a limit order for 100 sh cmgi this am before market at 170 1/4, above low bid at time. got execution at 9:45 from DLJ direct and took screen print. got e-mail confirmation of buy at that price at 10:01 am. then at 10:07, cmgi disappeared from my dlj execution screen and the order screen reverted to open. at 10:17 i got an e-mail from DLJ saying that the exchange reported the execution in error. Has anyone else had this experience with dlj or other brokers as to NASDAQ and, if so, what was the outcome? I asked DLJ for the exchange's notice, but they told me it was by wire and they couldn't provide it. they also said it happens occasionally. i just have the feeling some MM is intervening (stealing profits) post execution and i am seriously considering legal action. what do you experts think? thanks for any input.

To: Green Receipt who wrote (4149)	1/8/1999 11:57:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 13953

No offense, but that's a singularly inane comment. In the long run, Compaq will see $100 too. The real question is how much of a long run. Will it be 10 years from now or 2 years from now. This Internet valuation mentality is going to burn a lot of people. The damndest thing is that it is usually the retail traders who get burned because they are the last to know when major news comes out. I just read an article quoting Amazon as saying that the increased revenues from this X-Mas is not going to make them profitable. That's because their margins are so slim, the scale required to make them profitable is still 2 or 3 years away. Yet, the stock's PE is in the stratospere. So my point is this. Pick your stocks carefully. I wouldn't be a buyer of any of these stocks at these levels. If you still hold E-Trade, it's a toss up whether you should hold or sell. But if you are a very long term player (5 years or more) then E-Trade is sure to be one of the winners. They are doing incredibly smart and prescient things, while the Ameritrades of the world are content to follow along in stupidity. E-Trade will be bigger than Schwab one day. However, I sold because I had a 200% profit on this stock in less than 1 year and I believe that hype is what is holding it up right now. The only stock I never sell is Cisco. E-Trade just has a habit of getting hyped then tanking, getting hyped then tanking, and so on and so forth. I'll be a buyer below $40.