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

To: Tae Spam Kim who wrote (4204)	1/11/1999 1:06:00 PM
From: RetiredNow	Read Replies (1) \| Respond to of 13953

Well Tae, on the surface of it, I would agree. It seems that they have broken no laws. However, if their 30% and 25% holdings of Yahoo and E-Trade can be considered controlling interests, then that changes things. What they could have done under this scenario is deliberately manipulate revenues and expenses of both companies to prop up their stock. That is illegal. I won't debate with you whether that happened or not. There simply is not enough information in the article. It does suggest that this happened and based on that, the SEC should look into it. No one can deny that all of these stocks are overvalued, though. And if you think they aren't, then you might experience a shock in the coming year. Hopefully, it will be a pleasant shock of the variety of "I'm glad I harvested my profits soon enough".