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


To: Bob Duncan who wrote (6275)4/27/1999 11:15:00 PM
From: ecommerceman  Read Replies (1) | Respond to of 13953
 
Here's an article, the headline which will do an EGRP long a lot of good...

ecinvestor.com



To: Bob Duncan who wrote (6275)4/28/1999 7:36:00 AM
From: ecommerceman  Read Replies (1) | Respond to of 13953
 
Briefing.com: April 28, 1999 3:53 AM EDT

"...
Those companies that impressed on Tuesday's H&Q Conference included E*Trade (EGRP 119 7/16 -9/16), Pixar (PIXR 40 7/8 -2 3/8) and TV Guide - not kidding (TVGIA 44 7/8 +1 5/8)..."

"E*Trade (EGRP 119 7/16 -9/16) gave a well received presentation to a packed house at the H&Q Conference... Kept it short and to the point... Company growing like gang busters... With plenty of cash to build up infrastructure and spend on marketing, no reason to expect a slowdown any time soon... If we had one concern it was in company's comment that while "power traders" make up about 10% of customer base they accounted for nearly 30% of revenues... What happens to revenue growth during a sustained correction? Sorry, silly me, almost forgot that there is no such thing anymore. "



To: Bob Duncan who wrote (6275)4/29/1999 8:52:00 AM
From: mod  Read Replies (1) | Respond to of 13953
 
<<Cramer had a bad year last year and he admits it. That is why I like to read his column, he has one of the best 10 year records of anyone around, but his ego is not like most traders - i.e. he will admit when he is wrong.>>

Are you kidding? Cramer never hinted he was only up 2% in 1998 (not a typo, two percent!), until the New York Times ran an article revealing his letter to partners. And then he bitched and moaned about how that letter was "private" to his partners.

He had to be dragged kicking and screaming into admitting how bad (2%!!!) 1998 was, and I lost a lot of respect for him, both as a trader (2% when the market was up what, 25%?), and because he mislead everyone all year in his columns, IMHO.