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

To: Scrumpy who wrote (4555)	1/29/1999 1:14:00 PM
From: M CAHILL	Read Replies (1) \| Respond to of 13953

I don't think it is for sale, but TD - Toronto Dominion Bank is planning to spin off or do a IPO of Waterhouse Securities. exchange2000.com

To: Scrumpy who wrote (4555)	1/30/1999 1:29:00 AM
From: Gil Gilbertson	Respond to of 13953

You are quoting what you consider to be the factual case, however these internet babies arent trading on facts. They are trading on perception. By your own statement you are giving a view of your perception. Perceptions change rapidly, what will the mass of new Etrade stock holders who have huge paper profits do when these announcements come forth? Regardless of the final playout, the immediate impact will be negative to a great degree and that feeds on itself. For a stock to maintain the flyer status everything must be perfect to keep the perception. Changing of the game creates first concern, then doubt, then fear and finally panic. Then the house rules take over for the final cleansing. I have witnessed this many times before in casionoland stocks, the bio stocks etc. Egrp may get another spurt to finish off, but with all the new stock hitting the marketplace Monday , I venture to say it will top rather fast, just as AMAZON has lost one half of its value and all of its steam. It is a time for caution and I will at least sell deep in the money calls if it looks toppy on big volume closing down for the day.