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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (4084)	1/12/1999 4:15:00 PM
From: Annette	Respond to of 56533

THey met the whisper number .21

To: Trader J who wrote (4084)	1/12/1999 4:16:00 PM
From: Poet	Read Replies (1) \| Respond to of 56533

YHOO: 21 cents a share, meeting the whisper number. A 2:1 stock split announced as well.

To: Trader J who wrote (4084)	1/12/1999 9:44:00 PM
From: Maakamil	Read Replies (2) \| Respond to of 56533

EGRP - Possible short soon? From Briefing.com: ETRADE (EGRP) 98 3/4 +10 1/4: Online brokerage company continues to defy the laws of gravity, having more than doubled since the year began... Today's gain another example of the power of the press release on net stocks, as company's announcement that it will launch EOfferings, an online investment banking unit, sent the stock skyward... Investors not accounting for fact that it can takes years to develop a solid investment banking business... In fact, stock now trades at higher market cap than PaineWebber, the nation's fifth largest brokerage company with trailing 12-month earnings of $2.99 - E*Trade isn't expected to make a profit for at least another couple of years... Yes, the company has had success in winning clients over the internet and yes they are likely to experience some success in the investment banking arena over time... But current price for stock is absurd... Once stock splits 2-for-1 on 2/1/99, investors should strongly consider taking money off the table as this is prime example of an Internet stock that has outrun its fundamentals... Remember, competition in this industry is intense, cost of new accounts high and long-term revenue potential relatively limited (by comparison to other net plays such as Amazon, America Online and or Yahoo!).