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Technology Stocks : InfoSpace.com
INSP 73.44-3.1%3:59 PM EST
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To: DAY TRADER who wrote (245)1/3/1999 12:58:00 PM
From: Dave  Read Replies (1) of 3070
 
Day Trader:

What Gary said made sense. I logged onto E-Trade and this is what they had to say about allocation of IPOs.

11.How are the shares allocated?

E*TRADE's goal is to allocate shares evenly amongst all interested
participants. For this reason the process takes place in rounds; in the
first round, we allocate 100 shares to each order submitted in the
sequence indications of interest were entered. In the second round, we
allocate another 100 shares to each order greater than 100 shares. This
process is repeated until all orders are filled or until we run out of shares
to allocate, whichever occurs first.
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