I am 5 out of 5 on my EGRP shorts. I guess lying on this thread is a part of your life, is it Faurot or Ferrit? Fortunately, users of SI can go back and read your posts and mine. Any user of SI can click on my name and see my EGRP short calls. By the way, I have had extensive conversations with the SEC regarding the fraudulent application for the Archipelago ECN going back to 1997. Keep up the insults. Your comments regarding a New York Times reporter (talk about being a moron, you still cannot figure out that the reporter is a she and not a he) should get you kicked off SI in my opinion. I guess MB Trading is kissing your ass after you said their credibility had gone to an all time low. Lets paste that post of yours and another one of yours where you talk about some of the traders you know who have left MB Trading below, along with some of my EGRP short posts.
Talk : Brokers/Resources : MB Trading for MB Clients
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To: Marz (67 )
From: Rick Faurot Monday, Feb 1 1999 4:08PM ET
Reply # of 89
Marz,
I saw in the #mbtrading chat room that Ross Ditlove now says they have discovered a problem at Taltrade that is probably causing some of the quotes problems. What irritates me is the way he stonewalled this problem for weeks even tho lots of us were coming into #mbtrading and reporting timeouts and packet losses at Taltrade. MBT credibility is at an all time low with me right now. I'll be interested to see what the fix is and whether we get an apology from Ross Ditlove for bsing a bunch of us repeatedly.
RickF
Brokers/Resources : A.B. WATLEY - THE ULTIMATE TRADER!
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To: Ron Nuckles (586 )
From: Rick Faurot
Sunday, Jan 31 1999 12:15PM ET
Reply # of 598
.................I have had good experiences with MBT except for lagging quotes, which has been a problem for many MBT customers. I am considering leaving MBT because of this problem and I know a lot of other people have already left them because of it.
Watley has been highly recommended to me and I am checking them out right now. I have heard good things about Polar and Cyber and bad things about Ex.
RickF
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: scanshift (5939 )
From: scanshift Friday, Apr 30 1999 1:30PM ET
Reply # of 6634
Going to try and make it 5 in a row. Short in the 115's, risking 118 looking for 111 for a DAYTRADE only.
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: scanshift (6318 )
From: scanshift Friday, Apr 30 1999 3:14PM ET
Reply # of 6634
5 in a row. Covered 111.
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: scanshift (5839 )
From: scanshift Tuesday, Apr 13 1999 11:10AM ET
Reply # of 6634
Going to try and make it 4 out of 4. Shorting this awesome freight train in the 118's, risking 121 for a DAYTRADE only. Do not have an objective over the next five hours; perhaps we can get it back to the midpoint of the intraday range?
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: scanshift (5939 )
From: scanshift Tuesday, Apr 13 1999 12:04PM ET
Reply # of 6634
That was easy. Covered my EGRP short in the 112 area. Nice momentum on the break when it went through the intraday range midpoint. I am done with EGRP today.
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: R. D. Buschman (5824 )
From: scanshift Thursday, Apr 8 1999 1:58PM ET
Reply # of 6634
R.D., I am going for the hat trick. This is my third short at EGRP, the first two worked out fine as you can see from my prior posts. On my last short, I had a trailing stop against a 10 point profit I had in the stock and ended up only making a few points gain ( see my post 5676) when the stop was hit. Granted, I would have made 7 times the money playing this stock from the long side like ecommerceman but I did not have the comfort factor to play it that way. The only time I was bullish on EGRP was extremely short term (a few hours) when we had our closes above 10,000. Anyway, the discipline of having a stop while working a short cannot be said enough. If you short, you must have a hard stop, or have calls against the short. As far as the hat trick, I am going to try fading this awesome freight train again just till the close today. I am a seller at 94 risking 95 1/2, looking for lower, but with no specific price in mind. I will be out by the close.
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: scanshift (5836 )
From: scanshift Thursday, Apr 8 1999 3:30PM ET
Reply # of 6634
The hat trick worked out. I am out of my short. Pulled out 4 points when it broke below 90. Part of www.scanshift.com is learning to focus on intraday range extension, and I thought given the tremendous intraday extension off this morning's low, that a low risk fade was in order.
Talk : Brokers/Resources : E*TRADE (Nasdaq:EGRP)
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To: MDD (5604 )
From: scanshift Sunday, Mar 21 1999 10:52PM ET
Reply # of 6634
It is worth fading again. Back on February 1st I put up a post with a short recommendation (attached below), and it worked out fine. I am surprised that E*Trade made it back up to these levels as fast as it did given all its problems and new competition. It is worth my second fade shot because in my opinion it has come way too far too fast. I would look to be a scale up short seller from these levels all the way up to 70 looking for an objective of 50, hedging with some long April 60 calls instead of a hard stop on the short if one was wrong.
To: Olen S. (4640 )
From: scanshift Monday, Feb 1 1999 11:37PM ET
Reply # of 5641
It has had an awesome bull run. Now, it is worth fading. It is worth legging some short stock in the mid 60's against some long Feb 60 calls (just in case any merger deal were to pop up) looking for a pullback to 50. I think that there has been alot of hype about E*Trade, but the most important story I read is that have fallen to number 3 lately, when they were number 2!
January 29, 1999
Online Trading Rose 34%
In 4th Period, Report Says
By a WALL STREET JOURNAL Staff Reporter
NEW YORK -- Even as regulators voice new concerns about online
stock trading, a report shows the volume of securities trades placed on the
Internet soared 34% in the fourth quarter.
It was the largest one-quarter gain since the report's author, analyst Bill
Burnham of Credit Suisse First Boston Corp., started tracking Web
trading two years ago. Online trades account for 14% of all stock trades,
he estimated.
Firms that cater to active traders, who often trade volatile Internet stocks,
saw the most growth. While Nasdaq Stock Market fourth-quarter trading
volume rose 14%, Mr. Burnham said, volume of stocks in First Boston's
"electronic-commerce universe" surged 47%.
Charles Schwab Corp.'s market share dipped by three percentage points;
the San Francisco company still controls the largest chunk of the
online-trading market, with 27.4% of daily trades.
Waterhouse Investor Services, a unit of Toronto-Dominion Bank, passed
E*Trade Group Inc. to move into the No. 2 slot, with 12.4% of trades;
E*Trade ranked third with 11.8%.
To: scanshift (5643 )
From: scanshift Wednesday, Mar 24 1999 9:07PM ET
Reply # of 6634
I am dropping my objective to the mid 40's on my short call from March 21st. I would put an upside stop at 56 for those who got short above 60. Tuesday was the second biggest point drop of the year in the DOW, and that should help take the positive edge off the market in the short term. Given that, it is reasonable that EGRP should be able to drift into the mid 40's.
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