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

To: grogger who wrote (6504)	5/18/1999 11:18:00 PM
From: jay salinger	Read Replies (4) \| Respond to of 13953

I've been using ETrade since the beginning of the year. I stayed away from buying EGRP because of ETrade technical difficulties and all those complaints you hear about. But I decided to buy in yesterday for 2 reasons, and I wonder if anyone has comments on these: 1. ETrade and other OLBs have created a growing number of "internet day traders." Seems to me that will cause customers to spend a lot more on total commissions than anyone expected. Are there any stats on the trading patterns of ETrade customers. 2. I read an article in my local paper about after-hours trading, and how demand is growing. For example, it said that 40% of all ETrade orders are made when the market is closed. With 1 million members, does anyone envision ETrade as its own afterhours market, crossing orders 24 hours a day. Think of the revenue without burdening the system during market hours. Comments?