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 16.36

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3:59 PM EST

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To: sjemmeri who wrote (4370)	4/5/2000 5:58:00 PM
From: ChopChop99	Read Replies (1) of 10270

Here's the clarification request we sent to ETrade... Given the general confusion among Etrade customers and customer service representatives, we believe that it would behoove ETrade to clarify their policy concerning the holding of IPO shares. Specifically: a) Etrade needs to state whether the 30-day holding period refers to calendar days or business days. b) Etrade needs to give an example of computation of the 30 day period. Does the period start on the day of allocation, on the first day of trading, or on the second day of trading? c) Etrade needs to spell out (with an example) its punishment policy for flipping. d) Etrade needs to specify whether customers can increase their chances of getting allocations by holding IPOs for more days once the 30 day required holding period has expired. I'm pleased that we were able to show ETrade that there was confusion, that Ms. Lin-Murphy was willling to listen, and quick to then post a crystal-clear policy. Let's see how it works from here. Chop dollarstation.com

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