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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (188)6/20/1999 2:41:00 AM
From: Ibnbatutaa  Read Replies (1) | Respond to of 1413
 
If you flip and get side-lined (for future IPOs) you can go to another broker for the next IPO.Incidentally I believe other brokers also wave this deterrent flag at their customers (not just Waterhouse). WIT requires 5K in the account I think.
Perhaps this issue of side-lining could become a rallying point for the on-line investing/trading community as it is patently unfair that the big guys who get most of the issue can then reap profits without penalty: the reason for this deterrent I think is to reduce volatility but a lot of these stocks are wayward well after the 60 days...no sense! Need Spock!
Ibnbatutaa



To: Mama Bear who wrote (188)6/20/1999 3:08:00 AM
From: upanddown  Read Replies (1) | Respond to of 1413
 
Barb

I got an e-mail from Schwab saying that they were participating in the TWE IPO and to call if I was interested. Hard to believe that Waterhouse would allocate many shares to the 800-lb gorilla in their sector but I'am going to call Monday to see if I can get some.

John



To: Mama Bear who wrote (188)6/20/1999 11:31:00 AM
From: Kelvin Taylor  Read Replies (1) | Respond to of 1413
 
"Of course you don't get any more IPO's,..."

I wonder if the big guy who flip and you know there are going too, will be ban from future IPOs? I think the big money(which comes from the profits from the IPOs)will be welcomed back on all future offerings. It would be interesting to see which of the large retail investors hold for 60 days especially if the stock price drops like DIR or WITC.

Kelvin