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Technology Stocks : E*TRADE IPO ALERT THREAD
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To: star56 who wrote (85)4/3/1999 8:47:00 PM
From: Richard Holliday  Read Replies (1) of 15145
 
I strongly disagree with you! I support the idea of allowing all interested customers to participate in IPOs regardless of their status with E*Trade. Although I am a Plat customer, I think customers should not be forced to trade 75 times in order to become eligible for IPOs! IPOs are open to everyone and should be allocated on a first come, first serve basis. I can see that some of Plat customers are selfish and whine when they don't get a piece of an IPO. That's why I love democracy. Investors and traders have different investment objectives so I think Plat customers should not be rewarded with IPOs. Some of them are novices and trade purposefully to get into any of IPOs, and that encourages reckless and irresponsible behavior. Hence, that contributes to volatility in many Internet stocks. I am frightened to see that some people on Silicon Investor are novices and act with arrogance and foolishness when it comes to making money. Trading does not necessarily mean making money! Good luck to those who sweat over IPOs. R
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