Let's Figure Out the New E*Trade IPO System!! EGRP IPO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Let's Figure Out the New E*Trade IPO System!! EGRP IPO

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dotcomboy who wrote ()	6/17/1999 9:44:00 PM
From: 4 - Bob	Read Replies (1) of 35

In response to question 1, Does ETrade enforce the no-flipping rule?* Etrade states in their new allocation procedure that: >>Accounts with a history of short holding periods will receive a lesser allocation priority* in offerings where demand for shares exceeds the supply of shares available for ETRADE to distribute<<. This seem to infer that the flipping penalty may not be strickly enforced but applied in those cases where demand is high (like in a hot IPO). Question 2, Does ETrade now give priority to Active Traders?* More data and observation is needed to draw concrete conclusion about the new procedure, but in the past there has been no evidence that Active Trader received any special priority in the allocation process. With all the upcoming IPO, maybe this will become clearer. Question 3, Is the ETrade system really lottery? or is it still FCFS?* Most likely closer to some form of selective or qualified lottery than a pure FCFS system. Time will tell. Question 4, Is there any other way to better your chances of getting shares? Sitting available cash in your account, make that multiple accounts, and an unlimited supply of luck. 4-Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next