E*TRADE IPO Alert - Y2K and Beyond (EGRP) Message Board

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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP)

ET 16.80

0.0%

Dec 5 9:30 AM EST

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To: ChopChop99 who wrote (2272)	2/18/2000 11:46:00 PM
From: D L	Read Replies (1) of 10270

Multiple accounts have benefited me greatly. I opened two more today. I have not flipped since the new rules but what stops people from just opening a new account and transferring everything into the new account. This was you are in ipo jail for only 5-7 days (time it takes to get a new account set up and funded) instead of 60. Multiple accounts and new accounts are the easy loophole with the process. I have 8 accounts now and have done well the past two weeks with 9 allocations. Three of my accounts received CHRD. My guess is that in the future, probably not for months, e-trade will use social security numbers to track IPOs and thus limit ipo allocations and control flipping more efficiently. Until then, the more accounts the better your odds.

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