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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (9069)	6/19/1999 11:01:00 AM
From: Thean	Respond to of 14427

John, I signed up for 1000 TWE shares and am not sure if I will get any of it. But I have this elaborate plan which I'm still working on this weekend with the following scenarios: If I get 1000 shares, If I get 900 shares, ... ... If I get 100 shares. For each scenario, I'm going to compute how much I would need to sell on the first day so that my basis is zero - that means I target for zero risk and will hang around to play only with the house money. This plan will work nicely if TWE pops at least 40% on the first day. In this case if I get 1000 shares, I will liquidate 700 shares (about 30%) of my holding and hold on the rest 300 shares as a house gift. I could really care less about the stupid 60 days wait. bw can tell you he is the number 1 offender of this rule at E-trade and he gets IPO again and again and again. So I really suspect if TWE care about investing extra resources to track this flip behavior. They will stick to their gun only if people complain in the future, but that's if they begin to offer IPO regularly to their clients, and that's if the IPO phenon can remain hot till infinity. Will have a spreadsheet printout in front of me in the frentic first few hours after IPO to do this. Will take a day off as well. But all these is only if I get assigned 1000 shares. Anything less than 300 shares I will just sell all or keep all.