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Gold/Mining/Energy : TD - Toronto Dominion Bank -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Kelly who wrote (206)	5/11/1999 2:04:00 AM
From: Elroy	Read Replies (1) \| Respond to of 358

Does anyone get the WSJ interactive edition? According to someone on Yahoo, there is a mention of TD Waterhouse buying 12% of Island broker, a division of Datek.

To: Thomas Kelly who wrote (206)	5/11/1999 6:31:00 AM
From: Ronald	Read Replies (1) \| Respond to of 358

Tom, that would be impossible. The arbs would never let that happen. There are computer programs out there that do nothing but search for arb opportunities.

To: Thomas Kelly who wrote (206)	5/12/1999 1:20:00 PM
From: rakitup	Read Replies (1) \| Respond to of 358

Tom, I'm not worried about the day to day on TD at all. This is an asset play pure and simple. Do some study on what this company controls thru its various subs and you'll see it is grossly undervalued IMHO. Example: yesterday Waterhouse Securities made a $25,000,000 investment in Island (an ECN) to help them in their plan to create a new stock exchange to electronically trade NYSE shares in the hope that such a move could force NYSE to open its doors for trading up to ECN's, something it has steadfastly refused. Island does about $5 billion daily in volume on NASDAQ and other exchange traded shares, but no NYSE. It wants to expand its horizons, and TD is there to help, just like it did with Waterhouse, Knight Trimark, Scottsdale, and several others. I see NITE and TD as my best picks all year. Rak up a winner