Non-Tech | E*Trade (NYSE:ET)


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To: SLSUSMA who wrote (11569)2/10/2000 8:21:00 PM
From: BWAC   of 13953
 
<Yes. All have agendas. Some pump and others bash. EGRP's valuation reflects the winner>

Winner? Is the game over? I was thinking it just got started good. The current ebb might just be the halftime show? We've seen the clowns, it's about time for the second half to start soon. And the home team is reaching closer to the critical mass point each day as more customers sign up.

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To: Spytrdr who wrote (11568)2/10/2000 8:38:00 PM
From: BWAC   of 13953
 
Spytrader,

Have you seen some of the "Other" mainstream brokers commercials? Especially the new MSDW one with the investor getting tips from a chat board where the large lady is bouncing on the key board on the other end typing VNSW continously. Then a voice says "It pays to know your source".

Hmmm. THEY DON'T GET IT! They insulted just about each and every investor these days who uses the internet to research stocks and exchange opinions. MSDW may want to get big into the online game, but they still want to drop their ideas and recommendations on you too. "It pays to know your source", yeah just like it pays to be very skeptical of the advice your highly paid full service broker doles out. Like QCOM to $1000. It pays to know your source. MSDW doesn't get it. They think we are all incapable of doing our own research. Their attempt at humor was actually insulting to today's investor.

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To: BWAC who wrote (11573)2/10/2000 8:47:00 PM
From: SLSUSMA   of 13953
 
I think you are the only one getting riled up over it. MSDW's statement is absolutely true. As our little spider likes to point out, everyone has an evil agenda, from posters here to the analysts to the pseudo-journalists on TSCM.

Take my favorite master trader. All those rosy EGRP messages, talks of a bottom and reversal, and those posted buys...not a peep on the sells until well after the fact (usually 2-3 days). Agenda there. I bash EGRP; you people accuse me of having an agenda too. Maybe, maybe not.

MSDW is absolutely correct in that statement. There's nothing to get excited over. Your emotion for the EGRP fiasco is clouding your judgement.

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To: SLSUSMA who wrote (11574)2/10/2000 8:56:00 PM
From: BWAC   of 13953
 
<getting riled up >

Not even close. Just that the commercial does not hit the mark. Maybe insulting was a bad choice of words.

But the commercial does not inspire me to run out and open an account with them. It certainly implies the notion that todays investors do not have the necessary tools to make their own decisions and that they are incapable of doing so.

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To: SLSUSMA who wrote (11569)2/10/2000 8:59:00 PM
From: Spytrdr   of 13953
 
if i hated a stock like you do EGRP, i certainly wouldn't spend lots of time reading and participating in its message board, like you do.
what's the point? that's masochism.
besides, who's the winner or not, depends on the timeframe.
in contrast with most other internet stocks, EGRP has already GROWN INTO ITS VALUATION, and its core business is already very profitable.
that's probably the reason why it's being valued like a more seasoned business.
there are fundamentals and revenues you can see and value, and not just pie in the sky dreams and possibilities.
besides, let's not underestimate the fact that the guys in control of the money flows in this market -the traditional brokers- feel threatened by ETrade's business model, so we cannot expect much help from that side and their analysts.


___
"Yes. All have agendas. Some pump and others bash. EGRP's valuation reflects the winner."

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To: Diamond Jim who wrote (11571)2/10/2000 9:03:00 PM
From: Scott Moore   of 13953
 
I don't use the Datek streaming quotes. I use Medved Quotetracker, which you can also use with E-trade and a bunch of other real time and delayed quote providers. It has great historical charting and pop-up Island level II. It is free if you don't mind banner ads. Or for $25 you can pay to remove the banner ads.
Scott
quotetracker.com 

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To: Diamond Jim who wrote (11571)2/10/2000 9:16:00 PM
From: Spytrdr   of 13953
 
that is just your experience.
but ETrade has 2 million customers, and the attrition rate (customers who LEAVE ETrade) is VERY LOW, so the experience for other people certainly is not so bad.
acquisitions costs are also the lowest in the industry for ETrade, so that should be telling you people are opening accounts more or less spontaneusly.
if etrade were so terrible, you would have to grab them by the nose and force them to get in.
yesterday, for example, the day of the "hacker attack" ETrade worked like a charm for me.
it's understandable that the ones who do have problems, whether ETrade's or their own (who knows, maybe the way you funded your account, wire, check, or whatever, was wrong), are the most vocal about it, but what about the other 1,995,000 who DON'T complain?
many people have slow connections to the web, 28k, 36k, 56k, that's a slow connection, or slow computers, with very few ram memory (that's why ThePulse might crash for them), or other issues and they think it's ETrade's fault.
if you want to daytrade and get in and out of positions very fast, don't expect to have a beautiful experience on a 56k modem connection.
that's asking for trouble.
i, and others who are pleased with the etrade experience, won't come here every day saying "oh everything is so wonderful, i love Kathy Levinson and Tom Bevilacqua so much!!".
so, it's Diamond Jim, and maybe 500 others on yahoo boards who make the noise.
what about the other 1,9 million people?


___
"Spy, BS. When I post Etrade is down or bad or they took 4 weeks to open my 2nd account or that they sent me 3 year old data to tell me my 2nd account was open, it is all true. No agenda and no lying.
I suppose E trade is never down?"

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To: BWAC who wrote (11572)2/10/2000 9:22:00 PM
From: Spytrdr   of 13953
 
as BWAC said, it's never "game over" in the stock market.
who wins or loses depends on the timr frame.
for a graphical (though rather extreme) example of what i'm saying, please take a look at Ciena's (CIEN) chart for the past 2 years.
from $ 80 to $ 8 and back to $ 100 today.
who won? who lost? it depends!


___
"Yes. All have agendas. Some pump and others bash. EGRP's valuation reflects the winner"

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To: BWAC who wrote (11573)2/10/2000 9:32:00 PM
From: Spytrdr   of 13953
 
no, didn't see it, i don't live in the US.
but it's insulting because they are somehow saying that the individual investor's idea of "research" is reading stock tips on a message board.
if you want research you go to etrade's top notch ClearStation, for example, not a yahoo board.
they don't seem to accept the fact, it seems, that there are very sophisticated people trading online.
in fact, if you're sophisticated enough, why use a traditional broker?
online trading is not for the dumb, trading via them is.
let's all buy QCOM at $ 1000 and CMRC at $ 1000.
Morgan, Merrill and co. seem to think that it's only housewives and poor people who open online accounts.
but the truth is that very young, active, professional and sophisticated people were the pioneers in this online trading thing, and many people who have online accounts still keep their legacy broker accounts with a larger portion of their wealth in there until they become comfortable with a pure online model, not necessarily because they don't have more funds.


___
"Have you seen some of the "Other" mainstream brokers commercials? Especially the new MSDW one with the investor getting tips from a chat board where the large lady is bouncing on the key board on the other end typing VNSW continously. Then a voice says "It pays to know your source".
Hmmm. THEY DON'T GET IT! They insulted just about each and every investor these days who uses the internet to research stocks and exchange opinions"

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To: Spytrdr who wrote (11580)2/10/2000 9:41:00 PM
From: Spytrdr   of 13953
 
if you're not a US resident, you cannot open accounts at Amex, Merrill online, MSDW Online and most others.
while at ETrade, as a non-US resident, i was able to open my account back in 1997.
i was enjoying the benefits of this online trading technology back in 97, when Larry Stephens from Merrill kept repeating over and over that this was just a fad for 18-year old kids with 5k to play with, and begging his Merrill customers not to leave.
that's what i call management with vision...
and now they are resorting to dirty tactics and manipulations to slow the stampede towards online brokers

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