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Technology Stocks : E*TRADE IPO ALERT THREAD

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To: Diamond Jim who wrote (14385)12/11/1999 12:48:00 PM
From: Diamond Jim  Read Replies (1) of 15145
 
Shares are GENERALLY(not always) randomly allocated among customers who have submitted conditional offers after a review of applicants' holding records in prior public offerings. Accounts that have a history of short holding periods, selling IPO shares within 30 days of allocation, may receive a 60-day restriction from future allocations. The rationale for allocating shares to customers who tend to hold for longer periods is that it helps E*TRADE get access to more offerings and more shares as issuers of new stock seek to build stability in the after-market. Of course, E*TRADE does in no way restrict the sale of public offering stock at any time.
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