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Technology Stocks : E*TRADE IPO ALERT THREAD

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To: rdmsqito who wrote (2631)5/13/1999 10:03:00 PM
From: kcmike  Read Replies (1) of 15145
 
Actually, you just have to have cash buying power. If you don't have actual cash, but you have 10,000 worth of marginable securities, with a "loan" value of $5,000, you can use that $5,000 for anything you want. Borrow it, buy stocks, or buy IPO's.

At least that is my understanding. Of course, if you talk to 3 ETrade reps, how many different answers do you think you may get?
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