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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: eDollar.com who wrote (6025)	7/1/1999 12:53:00 PM
From: tiquer	Read Replies (2) \| Respond to of 16809

This is not specifically for your eDollar....The thing is this... I sense from a number of people playing the IPO game that they should get everything and give nothing.. First, there are those that think they should get every IPO and waste an E-brokers time with whining Emails complaining... Second, there are those that think they should get all IPOs no matter if they flip or not.. Wit has a reason for the 60 day policy.. If you can't play by their rules you shouldn't get to play at all. Third, there are those that think they should get all the great IPOs with little or no money in their accounts... Fourth, there are those that think they are penalized by having to play in the lottery, and want a very short window because they get to sit in front of their computers all day or waste their employers money by watching the IPOs all day at work. I could go on.... Traditionally hot IPOs have only been given to an underwriters BEST customers..those that have been faithful and high $$$ customers who could also buy some of the dogs in exchange for getting the hot IPOS. Now, it seems that many of those out there playing this new IPO game think they should get something for nothing.. So.. follow the rules set by the E-brokers, The E-brokers are doing their best... There are no set laws on "who" should get these shares.. The E-brokers are doing their best to come up with a fair policy, if there is a quirk in the system on one or two occasions, DON'T SWEAT IT... there is probably a reason they had to do what they did. If the small players continue to flood whining Emails to the E-brokers about this and that, the E- brokers will raise the minimums and they game will be over for the small players... Don't ruin it. There you go.. Cheers, Roger