from biz.yahoo.com : money managers says mhmy to drop:|
M.H. Meyerson of Jersey City, N.J., which posted an $841,000 loss on revenues of $22.4 million in the nine months ended Oct. 31, said on Tuesday it would start to offer online trading ''before the latter part of 1999, at the earliest.'' Investors nevertheless pushed up the firm's share price more than 100 percent to $8.50 Wednesday morning.
''They're running in sympathy with E*Trade and AmeriTrade, although I think they are not on the same level,'' Chung said. ''The scary part is when people realize (these smaller brokers) are not like an E*Trade and they want to get out, these stocks are going to be marked down fast.''