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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?


To: Cleo who wrote (325)2/1/1999 9:17:00 PM
From: xcr600  Respond to of 2220
 
Not short, yet..

20mln shares traded, and only up only 3. Stock traded 3times the float. Lots of daytraders. Time will tell...

x



To: Cleo who wrote (325)2/1/1999 9:28:00 PM
From: xcr600  Respond to of 2220
 
Some more... From Briefing.com 2/1/99

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ONLINE BROKERS Online brokerage stocks have the privilege of being selected by daytrader's as the Internet group dejour. Reports of robust Q4 trading volume have helped lifted everyone from industry leader E*Trade (EGRP 64 5/8 +9 7/16, +17%) to group laggard JB Oxford Holdings (JBOH 5 15/32 +2 7/8, +111%). Once E*Trade and Ameritrade (AMTD 107 1/4 +27, +34%) began taking off, it didn't take long for traders to locate "me-too" plays Siebert Financial (SIEB 20 1/8 +7 13/16, +64%), National Discount Brokers (NDB 26 1/4 +7 1/4, +38%) and Knight/Trimark Group (NITE 50 3/8 +5 3/8, +12%). According to a study conducted by CS First Boston, online brokerages enjoyed their best quarter ever, growing over 34% sequentially to 340,000 traders per day. Online trading now accounts for 13.7% of all trades, up from 11.4% in Q3 and 9.2% in Q4 of '97. In the market share war, Waterhouse moved passed E*Trade to number two in the industry, while Datek jumped over Fidelity to take the number four spot. The survey found that Charles Schwab saw its market share slip 2.9% during the quarter. Shares of Canadian financial institution Toronto-Dominion Bank (TD 43 3/8 +1 1/2, +4%) also managing to participate in the action today, after last week announcing that it was exploring a public offering of the company's discount brokerage business, which includes Waterhouse Securities.