Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: stock_bull69 who wrote (625)	6/3/1999 12:46:00 PM
From: X Y Zebra	Respond to of 1390

What you fail to comprehend is that SCH is the on-line trading leader and innovator and actually thrives on competition from smaller firms. Is it time to start thinking.... Mergers & Acquisitions ? After all... no longer is there the dividing line of "full service brokers and discount/onliners" Or... imagine all that Merrill (and similar), talent (!) ready to be hired by the most efficient competitor, according to the new rules.... A price war ?? Possible, but the more important question is expansion due to * extended hours *.... And market globalization.... Now... who is best prepared for what's coming ? That is the real question to answer.

To: stock_bull69 who wrote (625)	6/3/1999 3:17:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 1390

How do you know that I am shorting Schwab? You must know something that I do not know. The only short I have is the hi-tech spyder, XLK. I comprehend very well that you are getting good service from Schwab, just as I get good service from Quick and Reilly, which is much the same kind of organization. Indeed, in some respects it is better. Q&R computers have not yet gone down the way that Schwab's have several times--and they also have brokers whom I can speak to personally and who know their business as well as anyone at Merrill Lynch. But if Quick and Reilly issued stock that went to the levels with relation to book value and P/E that Schwab has, I certainly would not own Quick and Reilly Stock. Likewise, both Yahoo and especially Amazon are very good companies that give excellent service. Because of this, people who trade on the Internet have become overexcited about them and have bid their prices up even more than Schwab investors have bid up Schwab. For this reason I have been buying LEAP puts on all these overvalued companies, and have done quite well, even though there has been no real correction, let alone crash, in the general market. I see no reason why I should change the content of what I write to bring it into line with what you think. On the whole, too, I would rather make money than lose money.