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

To: go_bucks who wrote (6675)	6/1/1999 2:03:00 PM
From: EyeDrMike	Read Replies (3) \| Respond to of 13953

the buyout is pathetic, could have done much better. those of you who think this is an accretive buy, better read the TBFC filings and see how many active accounts they have on-line. EGRP will be lucky to see a bottom at 36. Between this and the stock dilution they are planning, could fall even more.

To: go_bucks who wrote (6675)	6/1/1999 2:18:00 PM
From: WhySoSoon	Read Replies (1) \| Respond to of 13953

You can check it out at: fnews.yahoo.com In short, the annual account fee will range from .2% to 1% of the account's assets with the minimum annual fee will be $1,500. It is catering to high networth or affluent individuals (Just another kind of wrap account). The MER entry will have more impact on Schwab's type of OLB. I also think MER will buy out a mid-size OLB for quick entry as well. We should also see downward pressure of trading fee soon. I am not surprised that EGRP to adjust the fee downward as a mean to maintain/increase the market share. This is a typical transition from an effective competitive industry to an oligopoly. So don't be a shock when the trading fee comes down. At that time, the share price of most OLBs will once again have a negative impact. Keep in mind that E*Trade is well positioned with cause trading fee is not the only mean of their revenues when this happens. OT: I am glad that I am not a competitor with Cotsakos. I would keep thinking about what his next move would be and how am I make that counter-move. This would be too much for me.

To: go_bucks who wrote (6675)	6/1/1999 2:36:00 PM
From: The Duke of URL©	Respond to of 13953

Does anyone know who the name of the trading company that Egrp trades through??? TIA, Duke

To: go_bucks who wrote (6675)	6/1/1999 4:14:00 PM
From: Eman03	Read Replies (1) \| Respond to of 13953

<<Do you guys know the details of the MER offer? for 1500 a year you get unlimited trades? for daytraders this has to be the best deal around. flat fee... hmm... >> Would you as a daytrader throw all your money into MER given that they will have new technology when they rollout (sometime at the end of the year if their current schedule holds, which it most likely will not due to the standard technology rollout issues that one faces)? Do you remember of the complaining that occurs when etrade crashes, and they are probably one of the best at what they do and have had years to try and work the bugs out of their systems. MER is years away from where etrade is today technology wise, and by that time etrade will have had years to continue to lead. These affluent types who are waiting for MER are not the daytrade types and quite honestly MER's future system will be taxed by any amount of volume, let alone from hardcore daytraders. I admit on the surface it sounds good, but it is very unlikely to be successful in the short/medium term. Just my opinion of course.