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Technology Stocks : Allaire
ALLR 1.170-1.7%Nov 14 9:30 AM EST
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To: Bob Zeleznik who wrote (95)2/23/1999 11:27:00 AM
From: Gary Metzer  Read Replies (2) of 612
 
Bob et al,

Re: Just like clockwork -- looks like all you Schwabie types
are dumping your shares after your 30 day flipping period
is over.

Not me!!! However, I did enter a GTC order this morning for 60 1/2. Think I'll get it within the next couple of weeks (after all of the 30 day selling is over). Not worried about Capital gains as I have enough capital losses from my non-IRA account to more than offset the gains.

Regarding your comment on NO FLIPPING POLICY for ALLR, I talked with Schwab IPO rep and he concurred that the "30-day rule" IS in effect on ALL IPO's. While it IS true that there is NO rule saying you cannot sell your stock before 30 days, the IPO rep continued to confirm that IF you DO sell prior to 30 days, you MIGHT NOT receive any shares on future offerings for 6 months. I've found in my past dealings with Schwab that it matters greatly on WHO you talk to when you are looking for correct answers. However, I AM NOT willing to risk being shut out on future IPO's due to someone on the phone giving me a wrong answer and will continue to hold all IPO's for AT LEAST 30 days, maybe much longer for PER. You might wish to "double-check" with an actual Schwab IPO Representative.

Also note that Intraware (ITRA) is another Schwab IPO that will price this week.

Happy Investing

Gary
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