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Rating:Odd Lots, March 20, 2000 Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, March 20, 2000

Odd Lots, March 20, 2000

Reported by Jason Shank

E*Trade rumors heat up
From The Wall Street Journal
Rumors of E*Trade merging with either American Express or Goldman Sachs are gaining momentum as additional pieces of the puzzle are set in place. A spokesperson with E*Trade confirmed that Menlo Park online broker is "exploring all kinds of alliances that could potentially expand or enhance (their) service."

Searching for the new Steadmans
From The Seattle Times
Some long-time lagging funds have prospered so far in 2000, like the ridiculously priced Frontier Equity Fund and the American Heritage Fund, both far behind their benchmarks in annualized returns, which are up over 120 percent so far this year. So if these dogs have rebounded in the new millenium, the trick is to find out which of today's high-fliers be called the Steadman of the year, linked to one of the worst performing funds ever.

Tech-heavy funds hit hard
From The Wall Street Journal
Last week's tech-stock collapse was a stern reminder to investors that the high-flying tech stocks fueling some of the red hot tech funds today, could just as soon become some of the steepest decliners tomorrow. According to Lipper, small-company growth funds lost 7% during the three down trading days -- Monday to Wednesday, but some managers hot on the New Economy simply saw the pullback as a buying opportunity. 

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