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   Non-TechBrokerage Stocks - MWD, MER, BSC, PWJ and All The Rest


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To: Richard Tsang who wrote (2)4/2/1999 12:21:00 PM
From: Dale Baker
   of 18
 
That's a good start, Richard. I was hoping we could attract someone with a strong opinion about the big brokers. My instincts tell me I should own one, but frankly they all look alike. I'm not an expert in the securities industry.

Just wondering if now is a good time to buy brokers at all, at the possible end of a bull market. Also wondering if any stand out.

Maybe we can drag in some other lurkers for a word or two. The 50% thread used to go for days with only a post or two. I am very happy the way it is becoming a friendly little community. Always wanted to own a neighborhood bar without the hassle of having to clean up late at night.

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To: Dale Baker who wrote (3)4/4/1999 5:10:00 AM
From: Dale Baker
   of 18
 
As much as I bitch and moan about E*Trade, I am seriously considering EGRP as my brokerage investment. Why? They have the highest projected growth of any brokerage I have researched, they are in a position to be the leader in online investing and their chart since last fall is almost straight up, apart from one 50% pullback which is typical for all Internuts.

Earnings coming soon. Just announced acquisition of ClearStation.

Apart from their recent technical problems, does anyone see a reason why EGRP shouldn't keep going up over the next 1-2 years?

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To: Dale Baker who wrote (4)4/7/1999 8:33:00 PM
From: Bonnie Bear
   of 18
 
dale: check out SWS.

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To: Bonnie Bear who wrote (5)4/8/1999 12:26:00 AM
From: Dale Baker
   of 18
 
Tell me more. I have heard good and bad things about SWS. I remember checking their projected growth and not being that impressed. Of course, I am up more than 30% in EGRP in a couple of days so that is hard to beat. Caught it just in time for the earnings season run.

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To: Dale Baker who wrote (6)4/8/1999 12:59:00 AM
From: Bonnie Bear
   of 18
 
they own the MMs, esp a large chunk of NITE. They are much more conservatively managed than amtd or egrp.

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To: Bonnie Bear who wrote (7)4/8/1999 4:29:00 PM
From: Smart Investor
   of 18
 
I am very impressed with the Discover Brokage Direct, which is part of the Morgan Stanley Dean Witter(MWD). The way it goes right now, it will probably become the #1 online broker very soon. Once people realize the potential, I think MWD will run to new highs. It is very cheap right now.

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To: Smart Investor who wrote (8)4/8/1999 4:39:00 PM
From: Bonnie Bear
   of 18
 
the brokers all have a cut of the goldman sachs IPO...they all make huge profits if they get the IPO priced at top dollar. The IPO is scheduled for May and priced relative to the rest of the brokers. This is why the only thing holding up the market is the internet brokerages and internet stocks...internet trading is being used as an excuse to prop up their price.. goldman gave birth to microsoft and the nasdaq derivatives market and is trying to squeeze every last nickel out of it.
look for things to turn ugly after the IPO.

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To: Bonnie Bear who wrote (9)4/8/1999 4:45:00 PM
From: Smart Investor
   of 18
 
Good point. That is the reason Brokeage stocks are hot recently. Of all the online brokers and others, I like MWD the best. It covers all the spectrum where money can be made. Th Discover Brokeage is HOT.

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To: Smart Investor who wrote (8)4/8/1999 4:47:00 PM
From: Bonnie Bear
   of 18
 
potential..ho ho ho...we're run out of potential...the market is 60% overvalued relative to next year's earnings and the stock market cap is approaching world GDP. These guys are horse traders with a really old horse they want to sell you at top dollar in a panic-buying auction.

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To: Smart Investor who wrote (10)4/8/1999 4:48:00 PM
From: Bonnie Bear
   of 18
 
I won't buy MWD because their foreign derivatives exposure is so huge. Something goes wrong and they go bankrupt in a heartbeat. there's only so long the feds can bail out these dinosaurs.

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