To: investz who wrote (4329 ) 1/17/1999 5:51:00 PM From: ecommerceman Read Replies (2) | Respond to
Hi, I'm a newbie refugee from the Yahoo board and, to a lesser extent, Raging Bull. I got tired of reading too much juvenile bullshit, and figured that if people had to pay for the service, it would make them a little more responsible--so I plunked down $200 for a lifetime membership this morning.
I'm long EGRP, WAVX, and NTKI (soon to be CNDN/NTKI, I hope). I've been in and out of EGRP a bunch of times, but rarely to my profit, and with the huge run-up that we've seen the last few weeks, I've decided to hold on for the long-term. After seeing the stock languishing in the teens and 20's, I certainly never thought I'd see it go over 100 in a matter of a relative few days.
I believe Cotsakos is a brilliant manager, although that said I still believe he was outfoxed by AMTD when he allowed them to pick off "the low-hanging fruit" with their early and heavy advertising campaign. Still, he has left them in the dust technologically, and his moves with E-offering, E-loan, the Archipelago deal, the United Airlines frequent flier mileage deal, and the deal with Softbank were all wonderful moves.
With E*Trade being the largest pure internet play among on-line brokers and with people coming to the internet in droves--and not only in America, also worldwide--and with all of Cotsakos international deals which eventually will take hold, this stock is a no-brainer, in my view. That's not to say it's not overvalued at the present time, it may be, depending on your valuation formula. But five years from now, I can't believe that long-term investors won't be extremely pleased that they hung on to this one.
At any rate, I look forward to exchanging ideas and observations with all of you in the future.
