Gary McCamey

E*Trade Will Recover

I really appreciated your article. It said what I've been thinking for a long time. I've owned stock in Etrade on different occasions for many years. I started doing the stock market paying $200. to $500. a trade, each way, and now, $5. is so good. I'd pay more just because they are far better then any other brokerage, and I have looked. I'm glad to hear the positive thoughts of others as I was beginning to think I was the only one who appreciated ETrade. I've day traded for about 6 or 7 years and done good for a man with no knowledge of the market. But I've decided to hold on the the shares of ET that I now have, long term. Gee, I, like one of the other writers, bought ET at $2.20, and some at $2.40. I feel like a thief. I already could have made a $10,000. to $15,000. profit in what, a couple of weeks. But for the first time in years I"m going to hold ET until years end. I will do well.
Advice for Ameritrade, or any other brokerage who might be thinking of buying out ETrade. If you do, don't change Etrade to your standards, but change your standards to the Etrade platform. If you do that, you will keep many satisfied Etrade customers. Say if Ameritrade were to buy out ETrade, if you changed your Ameritrade platform to the Etrade platform, then you'd have Ameritrade stock traders who will be very happy. I looked into Ameritrade a long time ago, and I just didn't like it. I forget now what bothered me most, but after using Etrade for all these years, I'd be hard put to go to a system that was, (for the sake of a better word), cheap. For me, I'd rather see ETrade buy out Ameritrade, even though the stock value would drop, in the short run, but the Ameritrade customers would be so happy they'd never leave or search for another brokerage. I honestly can say, customers of Ameritrade could, (example), get out of their Ford Edsel, and enjoy the ride of a BMW.
Thank you folks for letting me see the other side of Etrade customers opinions. I'm really glad to see there are others who feel as I feel. I wondered if all the negative comments were coming from people who had been hurt on that bad month, and for ya'll, I'm really sorry. But you took a bad loss and it's happened to many people in the market now. It's happened before and people jumped out of windows. Instead of scratching the wound, buy some Etrade now at $2.85 or $2.90, and give it a year. If you were/are an Etrade customer then you know they are the only brokerage you want to trade with. I'm sorry you were hurt, but don't let that cause you to lose an opportunity by making another mistake. In two months you'll not see Etrade at $2. or $3. prices ever again. Thank you for this opportunity to express my thoughts about Etrade. A very satisfied past, present and future customer of Etrade.