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


To: Spytrdr who wrote (6375)5/8/1999 7:24:00 PM
From: Otimer  Respond to of 13953
 
News-part of an e-mail I recieved from E-Trade Australia-E*TRADE Group, Inc. in the US has now signed licence agreements covering
32 countries around the world. This global franchise has been developed
with the vision of establishing a global cross-border trading community.
A major benefit for E*TRADE Australia's clients is that they will be the
first in the world to utilise this network. We plan to offer the ability
to trade US securities online in the second half of this year. Over time,
other foreign markets will be made available from our website.



To: Spytrdr who wrote (6375)5/8/1999 11:37:00 PM
From: ecommerceman  Read Replies (3) | Respond to of 13953
 
Spytrader--Thanks for the article, but I have to admit that it seems to me to the usual crap from the Economist--full of opinions that are not well-founded.

This sentence really killed me: "Successful online investors may well switch to a full-service firm for some personal attention."

Yeah, right. Folks who have been successful doing their own trades for far less money are now going to turn to full-service, expensive brokers because they want "some personal attention." Please. If you're successful doing it on your own, the last thing you're going to do is go to a full-service broker who is going to charge you hundreds of dollars to make the same trade that you can do on your own for $20.

I bet you can count on one hand the successful online traders who have gone to a full-service broker--it just doesn't make sense.