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Technology Stocks : E*TRADE IPO ALERT THREAD
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To: murphy9100 who wrote (2308)5/11/1999 5:17:00 PM
From: STOCKaHOLIC  Read Replies (1) of 15145
 
>>Spoke to e-trade rep today. He said e-t is doing random audits on accounts for flipping--kind of like the IRS. Thought I'd pass the tidbit on, FWIW.<<

I didn't flip my Ravenswood. I held that dog for 30 days for a hefty 0% gain. They should have a point system like Wit. YOu get points very IPOs held and lose points for flipping. Therefore, you could boost your points by holding a few IPOs then flip a one day high flyer.

The audit thing seems kind of bizarre. Highly unlikely to be audited. I see no reason not to flip.

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