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

To: Bosco who wrote (4991)	2/6/1999 3:09:00 PM
From: ron forgus	Read Replies (1) \| Respond to of 13953

Biggest Plus for DLJ Direct is INSTANT ACTIVATION with no money. They will qualify any investor in minutes through a credit check. Any trades 3 day standard for stock purchased. I also use E-Trade and DLJ. A reminder that DLJ was down for 3 hours Monday Morning. In my case it worked to my advantage with the delay as the stock that I would have sold moved up 5 points. How many investors made out because of the delay?

To: Bosco who wrote (4991)	2/6/1999 4:48:00 PM
From: kitterykid	Read Replies (1) \| Respond to of 13953

Bosco - You make some good points. When money is involved - potentially substantial amounts of money - a crash of ETrade is serious and what happened last week opens many cans of worms. Let's face it - there were probably a number of ETrade customers who mistakenly made money because of the crash. Are we or ETrade going to hear from them? Are they going to return the extra money they made because of a crash of the system? Of course not. The problem is that ETrade will only hear from those who felt/thought/believed that they lost money because of the crash. Seeing the class action lawyers already lining up is a sign of ugliness to come. What people really have to fear is if we have an October '87 sort of crash in the Internet-related stocks, which I suspect dominate E*Trade's book of business. If that happens, coincident with any other trading breakdowns, we'll really see some fireworks!

To: Bosco who wrote (4991)	2/6/1999 7:19:00 PM
From: NewKit	Respond to of 13953

Bosco, 100% agree with you. The story of AOL and EGRP are not the same. People don't lost money when AOL was down but EGRP YES. How many people love the feeling of panic and fear? People stay with AOL may be because of email address reason as they don't want to take the trouble to inform their contacts and news sources. What does EGRP has to hold their customers back? An account transfer form will close everything. Would new comers want to join the nightmare? In EGRP, an active trader will easily pay more than 1k/month for commission. If top 10% of their active customers left, EGRP's revenue will be down by few million/month. I still think 10% is very conservative. For those who think EGRP is a good buy, watch out the numbers for next two quarters. For sure I'm not going to buy until they prove they can!!