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Technology Stocks : E*TRADE IPO ALERT THREAD
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To: star56 who wrote (14941)12/17/1999 9:10:00 AM
From: Andrew Danielson  Read Replies (2) of 15145
 
I'm hardly an expert on IPO's or flipping, but someone else said something that made sense to me--Etrade's policy is essentially that they "reserve the right" to enforce the anti-flipping policy. And when might they do that? When people flip dogs. Everyone is expected to flip the winners. Heck, if anything it helps smooth out the high demand with a little supply. But flipping dogs at or below the IPO price simply exacerbates what is already a bad situation for the underwriters.

Just MHO,

Andrew Danielson
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