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

To: Goldbug Guru who wrote (6697)	6/1/1999 7:58:00 PM
From: Dalin	Respond to of 13953

July $160+ ? <gg> OK!! BTY! D.

To: Goldbug Guru who wrote (6697)	6/1/1999 9:54:00 PM
From: rick cassar	Read Replies (4) \| Respond to of 13953

I have a silly question. What's to prevent someone selling, say 200 shares of E-trade @40 and buying 100 shares of tbfc @ 74. You would make a profit of 600 minus commissions and you'd end up getting 210 shares of E-trade in the fall. $600 in your pocket and 10 free shares of E-trade. Sounds too simple. I know I am missing something but I can't see it. What am I missing here? Rick

To: Goldbug Guru who wrote (6697)	6/1/1999 9:56:00 PM
From: Robert Leverton	Respond to of 13953

In a society where the Mall of America is considered the Eighth Wonder of the World, it becomes obvious that we are obsessed with one-stop-shopping. In keeping with this American desire to put it all under one (virtual) roof, ETrade is making a smart move with the acquisition of Telebanc Financial. While it is only speculation on my part, a move into mortgages or another bank with a large credit card portfolio is next. Also, and this may be a sort of blasphemy, full-service brokerage and possibly insurance products are just a few years down the line. Just imagine how nice it would be to receive a soft copy financial statement at the end of the year with all necessary tax information in one easy to understand file. I'm talking an itemized breakdown of purchases through the credit card, interest from your mortgage, automatic debits from checking, and (lest I forget) capital gains and dividend information. Yes, Etrade must walk before it runs, but with this business model it will have every opportunity to grow into the Ninth Wonder of the World! OK, maybe I embellished a little on E*trade becoming a world wonder but you have to like its future. Cheers Bob L.