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To: Tom Kearney who wrote (59196)	5/30/1999 10:53:00 AM
From: Olu Emuleomo	Read Replies (2) \| Respond to of 164684

>>>The established Wall Street folks are scared, because 20% of trades are on the internet, and demand is forcing the markets to have longer hours, and they are losing their very comfortable monopoly on the claim<<< In 5 yrs, a lot of Wall St firms are gonna be out of the retail trading game, since 80% of all trades will come thru' the internet. >>>Worth magazine has a story that Schwab is gonna be in big trouble because Merril is going into on-line trading ('Stocks to Avoid.') Yeah. They've done a great job competing w/ Schwab.<<< That's laughable! I once again state that SCH is my favourite stock. cbs.marketwatch.com Did you see the stocks he is recommending?? I prefer to buy bonds! Anybody who thinks the stocks he is saying we should avoid (SCH, AMTD, YHOO, EBAY, EMC) will underperform the mkt should bookmark this post and revisit it by end of July. If they have underperformed the mkt, I will post a public apology on this thread!!! To be fair, the article was written when YHOO was 184. Again that's the problem with print journalism, magazine style. It's always out-if-date when you read it. Thus they should just stop talking about stocks because the price points are meaningless! Besides, how to unseat Schwab when the commission on 100 shares of IBM with Full service firms is over $200? The only way you can get people to pay this kinda cash in 5yrs is to offer advice on a fee only basis. They must not charge for trading! In fact, they just tell you what to buy and then you can place the trade yourself on their website OR they place it for you gratis! That's the only way to compete! However, for self-directed investors like me and you, we use discount brokers...$8 bucks a trade! --Olu E.