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

To: Curly Q who wrote (6868)	6/4/1999 10:20:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

"pin money"? i'm betting the farm and more on EGRP, since i use margin to the hilt also. of course, my cost basis looks ridiculously low, since i bought it a long time ago, so i can sleep well at night. i'm so so confident, however, than i don't intend to sell my core holdings any time soon. you can't compare Netscape with ETrade, since NSCP had mighty Microsoft on the other side of the ring. i don't think MSFT is planning to enter the online brokerage business, do you?

To: Curly Q who wrote (6868)	6/4/1999 11:52:00 PM
From: ecommerceman	Read Replies (1) \| Respond to of 13953

Thomas Rasch--You wrote: The "new paradigm" philosophy is most likely fully priced into these issues. Look what happened to Netscape in 1995. Zoomed up to 87 and then reality. Sure, money can be made in these darlings, but the risk is so high that you can only justify putting in pin money. Sure, there's no question that the new paradigm philosophy is PARTIALLY priced into the online brokers--EGRP is up about six or seven times what it was six months ago. That's more ground than many stocks make in decades... However, if E*Trade continues to grow at the rate that it has in this last year--and with all of the many initiatives going it may well do so (E-Offering, Archipelago, online banking, international expansion, to name only a few)--then the sky is almost literally the limit. But your "pin money" phrase is truly laughable. There's a lot of folks on this thread who have made way more than "pin money" investing in this stock, myself included (have you hit any six-baggers in six months lately??...). You can hang on to your dinosaur MER if you want, of course, but it isn't going to be easy for it to successfully morph into a new alien form; better to start with a sleek, hungry, aggressive model like EGRP that can turn on a dime... I'll betcha dollars to donuts that five years from now, $100,000 invested today in EGRP will be worth exponentially more than $100,000 invested today in MER...