>There are so many new companies coming out of nowhere and are emerging far superioir that E*Trade.....it is outdated and slow.........sell it before it goes bankrupt!! <
Considering your holdings in IBM and GTW, I would guess that you're at least 15,000 shares short in EGRP. Since share price is now showing some strength, I guess that would explain the frantic tone of your message.
Anyway, we all know that ETRADE's problems mostly stem from it's phenomenal growth. It has found the proper balance between level of service and price, and now what it has to concentrate on is keeping up the momentum and out-innovating the competition.
To interpret these growing pains as impending bankruptcy really takes comedy to the next level.
To everyone who complains about egrp go try another service and u will have even more things to complain about. I once had eschwab and i am very happy with egrp. This is a growing company and a leader which has had years to develope their system. I have not had a problem with their service.
Your comments may be true long term. But, at this time, you'll notice that E-trade is the only one making money. If you want to dump the stock, go ahead. I think I may do the same. But, I wouldn't be too hasty about buying into other trade services until they start showing positive earnings. As of 12/29 there were 6 of 6 firms recommending a buy position with EGRP. But I agree with your comments about its competition (Especially Ameritrade). I think EGRP stock MIGHT be overrated. We'll all kick ourselves if EGRP continues to be the only money maker (regardless of what people think about its services). If you're upset with the service, use someone else, but stock positions are a different story.
Before dumping, ask yourself if it matters whether or not you think this stock is overrated. What does anybody here really know about the internals of E Group and it's long term strategy.
In my opinion, with Financial Services/Brokerage stocks such as EGRP, you have to trust the pros. They all pick EGRP as a winner. You have to believe they know what makes a good Financial Services/Brokerage stock.
I trust them on this matter. I can beleive EGRP will go belly up. I can also believe it will sky rocket. But my gut says to believe the pros on this one and not make a guess myself with the limited common knowledge I have.