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

To: Will Hou who wrote (4884)	2/5/1999 10:23:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 13953

Will, thanks. To "let" who thinks EGRP should be at $70, first, that Datek or anyone else may suffer glitches is no excuse and second, it was EGRP's run to these valuations that generated interest in smaller online brokers not the other way around. EGRP should be leading the group, not following it. In any case, the glitches, while IMO they support my bearish case for EGRP, are not the primary reason for being bearish. It simply ran to an unsustainable (IMO) valuation based on internut frenzy and the stock split. I guess I was just lucky that they stumbled at just the right time, three days after I bought my puts. Who cares what triggers the turn in sentiment? One can't predict these things, but the hype and ridiculous valuations make the stock very vulnerable to any negative news. Bob