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

To: j_b who wrote (5240)	2/17/1999 11:09:00 PM
From: Peter Church	Read Replies (1) \| Respond to of 13953

>>>Are you singling out E*Trade as being especially vulnerable?>>> Yes, although I think that all the brokerage and bank stocks are considered highly cyclical. Etrade will fall harder because of its high valuation and high beta and lack of earnings. Also, in a competitive squeeze, MER and others will cut market share away to survive. They have deeper pockets so they can outlast Etrade in a price war. I am short Etrade options because I couldn't short the stock itself via Brown and Co. I do believe we are heading into a major bear market.