SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : E*TRADE IPO ALERT THREAD
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Craig Schilling who wrote (2513)5/13/1999 1:16:00 PM
From: ChopChop99  Read Replies (2) of 15145
 
E*Trade's allocation process IS...

...anybody's guess. What it says on their website in plain English is definitely a FCFS scenario beyond a shadow of a doubt. But since we regularly see posts from early timestamps that are not flippers, but still don't get shares, it makes one wonder exactly what the procedure is.

Here's the paraphrased essence of what I was told by an E*Trade rep Tuesday morning:

"It's NOT first come, first served..."

"It's NOT a lottery..."

"I can't tell you what the process is because it's against the law for me to tell you..."

"We really don't have anything to do with who gets shares. We just collect the information and turn it over to the underwriting syndicate. They tell us who can have shares..."

"No, I don't see our website as false advertising..."

"Well, your lawyers aren't gonna get anywhere with a lawsuit, because everything we do is okayed by the SEC..."

And BTW, I just joined, so while I've lurked a while this is my first post. Lots of great info here!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News