Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lennart Steiner who wrote (4178)	1/10/1999 2:00:00 PM
From: Gil Gilbertson	Read Replies (2) \| Respond to of 13953

I am not a day trader, If asked what I do, I reply "I am a position trader". When Etrade was in the 18 to 25 area , I felt it was a good position with the risk side very little since it hit a low in Oct of 11 or so. The upside looked very good and it has been. I dont like to stay when everybody and his brother starts telling the world it cant miss going to the moon. You have to ask yourself, how much of the earnings news was pretty well known before this run started. I dont feel the news will add anything and may even motivate positions to liquidate for greener fields. The ISPs had their day two years ago and now the ATTs and the Pac Bells are saying thank you and moving in on their customers. The same thing will happen with AMZN when Barnes & Noble -Bertlesman get rolling along with Borders.com and many others, in other words the novelty is wearing off and Walmart will no doubt enter full bore real soon. These well established firms are not going to sit idly by even though they should have moved sooner, they still know how to compete. As for Etrade, with a a "Marketcrap" equal to A.G. Edwards, do you think the biggies are going sit by and do nothing...Merrill is already getting ready big time and they will all make a strong competitive move very soon. I still look for a shakeout before I want to play. I like other plays like CYCH and TSCN and maybe we will see CIEN start back up,I think we will see them move shortly...gil