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 17.43

+0.1%

3:09 PM EST

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To: Bald Man from Mars who wrote (4396)	4/6/2000 5:22:00 PM
From: 4 - Bob	Read Replies (3) of 10270

I guess I am now an official resident in the IPO Pokey. I really tried to honor Etrade's no-flip policy by holding but could not justify it after the carnage last thursday & friday and decided to end the bleeding and flipped both CALD and EEEE monday. I sold 50 CALD at 22 3/8* (60% profit) and 50 EEEE at 4 15/16 (45% loss). This turned out to be a good move for me because I used the proceeds to buy calls on JNPR during the bloodbath tuesday which I sold for a huge profit and repurchased and resold again wednesday and also thursday. With these gains, I was able to buy 100 CALD at 17 3/4, 100 MONE at 24 7/8, and additional calls on JNPR that are now profitable. Now I don't feel so bad about having to serve my 60 day jail sentence, LOL. 4-Bob

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