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

ET 18.51

+1.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maywood who wrote (3356)	3/15/2000 10:17:00 PM
From: Gerald Walls	Read Replies (1) of 10270

Even tho that would exclude me from getting any more IPOs for 60 days, I don't want to lose money in that account. Or should I go ahead a flip tomorrow if it hits $25 or so? Hopefully it will open tomorrow above $16! If preservation of capital is a primary concern then you shouldn't be bidding on IPOs. Now that the preaching is done, if you really don't want to lose money in the account then you should flip. ImproveNet looks so-so at best to me (I think Ben Holmes was dead on when he compared it to the pet supply sites) so it's unlikely to really run and the high price is likely to be on the first day so the reward of holding is low and the risk high. If you do flip then you go to jail for 60 days. Whoop-ti-do. As you said, it took you six months to get an IPO in the account, so what are the odds that they'd draw your name in that particular account in the next 60 days anyway? Take the money when they give it to you. All this is IMHO, of course.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next