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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP)
ET 17.01+2.3%Nov 14 9:30 AM EST

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To: SgtPepper who wrote (9647)6/28/2001 12:12:51 PM
From: A1BRIAN  Read Replies (1) of 10270
 
ET IPO Guidelines - 50 shares, max price, think about flipping

1) I recommend only asking for 50 shares max per account. If you ask for and get 2000 shares you can bet noone else wants the stock and it is a dud and will drop very quickly.

2) You want an issue that prices at the top of its range not the bottom. A strong pricing signals strong demand and likely aftermarket appreciation. Asking for a stock at the bottom of the range is only asking for trouble.

3) Don't be afraid to flip. Remember a bird in the hand is worth 2 in the bush. Many IPO break the IPO price in the first 30 days. If you have multiple accounts you still could get shares in others later anyway.

Any thoughts / comments ?
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