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Technology Stocks : Allaire
ALLR 1.170-1.7%Nov 14 9:30 AM EST

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To: dr. z who wrote (72)1/28/1999 7:46:00 PM
From: David B. Higgs  Read Replies (2) of 612
 
dr z,

You were asking the other day about Schwab and their possible concern with flipping IPOs. As I said, Schwab gave me 100 shares of Allaire although I flipped Select Comfort. I also requested shares in Entercom and they took my order.

Entercom priced tonight and Schwab called offering me all shares I requested. So I'm thinking they don't/can't track flipping. Ten minutes after my first call from Schwab I get another call from them saying they now see I flipped Select Comfort. It seems I lucked out as they were/are in the process of changing systems and I fell through the cracks. He said they "would not take my Allaire back and I will get my Entercom shares" but they are marking my account as "restricted " for the next six months. So it seems to me, since I will be locked out for the next six months, there is no reason not to sell ALLR or ETM early if I so choose.

I had also requested shares in PerotSystems, to price next week. I guess I don't need to stand by the phone waiting for a call.

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