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Technology Stocks : FBR IPO ALERT THREAD (NYSE: FBG) -- Ignore unavailable to you. Want to Upgrade?

To: swiss who wrote (201)	6/27/1999 7:06:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 1044

First, I'll answer your first question... I'm still here (as in posting) because this subject is still bookmarked on my computers, a new message showed up on my bookmark page, I read it out of curiosity, and found a couple of questions I could at least answer from my perspective. That's why I'm still here. As to why I'm leaving FBR... The only reason I was ever with FBR in the first place was to get in on IPOs. I use Preferred Capital for that and none of the web-based systems can touch their proprietary trading software for speed of execution and dependability. For me, it's turned out that at this point the FBR game is just not worth playing: ...The only IPO in their pipeline is an issue that doesn't excite me. ...It looks like they're averaging less than one new issue per month. ...DVDS is the most exciting thing they've had IMO, and they only had enough shares of it for 253 people. ...It'll take a process of paperwork and hassle that will take a week to get my old FBR/Bear Stearns account transferred over to the new FBR/BHC arrangement. In that same amount of time, I will have a new account opened at Wit and will fund it by transferring my assets out of FBR. And since Wit offers more IPOs in a week than FBR does in a month, I'll probably have an allocation or two in that new Wit account before the next FBR issue even makes it out of the pipeline. In conclusion to this long-winded rambling saga, I don't bitch and moan about not getting a shot. I am disappointed when I don't get the ARBAs and the JNPRs of the game, and I do complain and expect correction when a stated policy is not followed. I have no problem with the way FBR works. They've been nothing but courteous and easy to deal with, but their system is just not worth tying up money in for me right now.