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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD) -- Ignore unavailable to you. Want to Upgrade?

To: David Lee who wrote (875)	4/13/1999 9:09:00 AM
From: Jerry Miller	Respond to of 1848

154 early trades

To: David Lee who wrote (875)	4/13/1999 2:21:00 PM
From: CMon	Read Replies (1) \| Respond to of 1848

If when you ask why "Wall Street" is in love with this stock, you mean professional money managers, then I would just say that Wall Street doesn't love AMTD. AMTD is just the latest sad joke in a season of rampant speculation the likes of which has never been seen by any living market watcher. The buyers in love with AMTD appear to be the daytraders and other "momentum" lovers who buy because the stock is being bought. I'd bet a tidy sum that a good portion of the buyers that have chased this stock to this valuation couldn't tell you what it's market cap is, or how that number compares to the company's competitors.