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

To: scanshift who wrote (4644)	2/2/1999 7:53:00 AM
From: amic	Read Replies (1) \| Respond to of 13953

Waterhouse bought the #2 rank via acquisition. Sure, it still means E*trade dropped one spot, but it's not like their model is collapsing... Anyway I share your view of a potential pull back, my stops are ready. Happy to jump back in later on though, this stock has been, is, and well be tremendous IMHO.

To: scanshift who wrote (4644)	2/3/1999 2:00:00 PM
From: scanshift	Respond to of 13953

In my below Feb 1st post I said it was time to fade EGRP. With all the anger expressed here, I am surprised how well EGRP is holding up. I still think it is worth doubling up the short I suggested against a 60 stop looking for an opening break once this anger gets spread through all the ETrade long stock holders. I am changing my target of 50 to one of time; looking to simply cover sometime tomorrow morning, Feb 4th. To: Olen S. (4640 ) From: scanshift Monday, Feb 1 1999 11:37PM ET Reply # of 4730 It has had an awesome bull run. Now, it is worth fading. It is worth legging some short stock in the mid 60's against some long Feb 60 calls (just in case any merger deal were to pop up) looking for a pullback to 50. I think that there has been alot of hype about ETrade, but the most important story I read is that have fallen to number 3 lately, when they were number 2! January 29, 1999 Online Trading Rose 34% In 4th Period, Report Says By a WALL STREET JOURNAL Staff Reporter NEW YORK -- Even as regulators voice new concerns about online stock trading, a report shows the volume of securities trades placed on the Internet soared 34% in the fourth quarter. It was the largest one-quarter gain since the report's author, analyst Bill Burnham of Credit Suisse First Boston Corp., started tracking Web trading two years ago. Online trades account for 14% of all stock trades, he estimated. Firms that cater to active traders, who often trade volatile Internet stocks, saw the most growth. While Nasdaq Stock Market fourth-quarter trading volume rose 14%, Mr. Burnham said, volume of stocks in First Boston's "electronic-commerce universe" surged 47%. Charles Schwab Corp.'s market share dipped by three percentage points; the San Francisco company still controls the largest chunk of the online-trading market, with 27.4% of daily trades. Waterhouse Investor Services, a unit of Toronto-Dominion Bank, passed ETrade Group Inc. to move into the No. 2 slot, with 12.4% of trades; ETrade ranked third with 11.8%.