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

To: investz who wrote (4449)	1/24/1999 11:35:00 PM
From: ecommerceman	Respond to of 13953

Where EGRP goes from here, in the short-term, is anybody's guess. It's already dropped over 25% from its high of 107 or so from a couple of weeks ago, so it's not like the stock hasn't taken a pretty significant hit if that's the baseline you look at. On the other hand, it's over three times what I bought it for (25) just a few months ago, so it wouldn't be hard to make the case that it's appreciated too quickly. My take is this: if I were a daytrader, I'd be nervous (of course, if I were a daytrader, I'd be perpetually nervous). Since I'm in this for the long haul, and am a complete believer in ETrade management, I don't get too worked-up about the daily movements of the stock. I'll admit it's a lot more fun to log-on to ETrade and see a bunch of green numbers than the other alternative, but I just don't see how this stock won't pay off for long-term investors. They've got too much forward momentum, too many international agreements, too much brand-awareness, their website is too good, and on-line investing is so clearly the future that I'm not going to sell my shares until I'm ready to retire, if then. I can tell you this, the few times I've sold my position in EGRP, I had to buy it back later at a higher amount. Had I not bought back in at 25, I'd be torturing myself right now... In any case, good luck.