4-Bob, for what it is worth, back in May before I went to Spain I got an email from a senior Etrade person. I had emailed complaining I had not gotten some IPO, I believe it was MQST. Anyway, she said they could not help me (this was back during first come first server still, and I had IOI within 1 minute of it being on the site) and that she noticed in my account history I had flipped almost every IPO (Which was true) I said yes this was true, because Etrade did not appear to hold that against me, and that I did not have regrets because I was ahead because of it (particularly with my flip of VUSA around 60) Anyway, she said that Etrade reserved the right to hold flipping against account holders in the future, and that my account could at any time be black listed due to flipping. I know some flippers here do not seem to be blacklisted, but I am curious as to if there are others like you 4-bob that have not recieved shares for a long period. I have not recieved any yet, but I have only been back in the game a couple weeks, and my account is not platinum qualified now.
Anyway, I would love to know if anyone out there works for Etrade. I dont care if you work in the mail room, someone at Etrade must read this thread. If so, please post some info for us that is reliable. Calling Etrade is of no use because you always get a person who is in training, or interning. The best answer I have gotten is "IPO's are a priviledge, not a right" but never anything solid. The only thing I do know from someone I spoke with at Etrade once is that all they care about above all is account growth, and they dont want to lose accounts either, however, they would rather have 10 accounts at 1,000$ value then 1 worth 20,000$ value because they can brag about their "impressive" account growth rates.
I agree with other posters here, if you are frustrated with the allocation method, email Etrade. Also, for what it is worth, any executive at Etrade has a very easy to guess email address, so dont just email support@etrade.com or whatever it is, email real people.
Good luck to all, happy trading.
--bob |
