Re: [CANSLIM] Datek + Amertrade revisisted

From: Dan Musicant <musicant@pacbell.net>
Subject: Re: [CANSLIM] Datek + Amertrade revisisted
Date: Wed, 22 May 2002 10:05:56 -0700

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On Mon, 08 Apr 2002 20:52:34 -0400, you wrote:

:It sure was expensive, $1,600 per Datek customer.  That's a lot of
:$9.99 trades.
:
:Al French

That surely IS a lot of 9.99 trades, however I have to think a lot of
the value lies in their coffers being full of inverstors' money. They
pay interest to the customers but they have an opportunity to make money
off of all that capital. I don't know for sure, but I suspect that this
is where a whole lot of that value comes from.

Dan Musicant
:
:----- Original Message -----
:From: "Dan Musicant" <musicant@pacbell.net>
:To: <canslim@lists.xmission.com>
:Sent: Monday, April 08, 2002 5:30 PM
:Subject: Re: [CANSLIM] Datek + Amertrade
:
:
:On Mon, 08 Apr 2002 15:34:22 -0400, you wrote:
:
::Just received an email announcing the merger of the two...
:
:I got it too. A google search on Ameritrade presents a more
:circumspect
:view of things. Indeed, it is an acquisition of Datek, not a
:merger. A
:bidding war has been going on for some time and it's thought to be
:expensive at 1.3 billion $.
:
:
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