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

To: Diamond Jim who wrote (5940)	4/13/1999 11:17:00 AM
From: Spytrdr	Read Replies (1) \| Respond to of 13953

EGRP will be added to the Nasdaq 100. bet the farm, thank me later

To: Diamond Jim who wrote (5940)	4/13/1999 11:24:00 AM
From: Paul Fiondella	Read Replies (1) \| Respond to of 13953

The question is how many people will jump in The usual pattern is buy on the rumor (which we are having) and sell on the news. The reverse pattern is, get in on any sign that the online brokerages are finally making money. However with this run up it is such a classic shorting opportunity that I think unless we do some correcting in here, we are going to see margin players on the upside wiped out by a selloff caused by institutional shorting. I recall watching this stock go from 65 to 35 on a similar play earlier this year. We are leaving a lot of gaps which loom on any disappointment.