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

To: swisstrader who wrote (4785)	2/4/1999 7:30:00 AM
From: ecommerceman	Respond to of 13953

I thought this was interesting, from "Story Stocks" button written by Briefing com (one of the side buttons at ETrade site): "DAYTRADER) Rally in online brokerage stocks reported by Briefing.com on Monday (see Story), has increased its frenetic pace. In addition to the names discussed earlier this week, e.g. JB Oxford (JBOH 10 +5 1/4, +111%), traders have added National Discount Broker (NDB 36 9/16 +9 9/16) and Southwest Securities Group (SWS 39 +4 7/16) to their list of momentum plays. As the attached table reveals, the stocks that have racked up the strongest gains are those with smallest floats and which trade on the Nasdaq Market. ETrade (EGRP 55 9/16 -2 11/16) shares have been noticeably absent from the move over the past two sessions, largely a result of its enormous 87.4 million float. While the increased liquidity that accompanies the hefty float makes shares attractive to institutions and professional traders, home-based daytraders are learning just how difficult it is to lift a stock of such immense proportions. It also doesn't help that CNBC reporting news of trading difficulties being experienced by the company today. For continuously updated coverage of this group and other trading trends, see the In Play page." I assume that if the hefty float makes it harder to lift the stock, it presumably also makes it harder for the stock to fall through the floor. True?