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Technology Stocks : MPPP - MP3.com -- Ignore unavailable to you. Want to Upgrade?

To: Jay Rommel who wrote (147)	7/14/1999 9:43:00 AM
From: LakesideTrader	Read Replies (1) \| Respond to of 1116

If you sell before the 30 days they probably won't give you any more shares!!!

To: Jay Rommel who wrote (147)	7/14/1999 12:45:00 PM
From: S.C. Barnard	Read Replies (1) \| Respond to of 1116

Schwab told me they ban you from any further ipos they have, if you flip before 30 days.

To: Jay Rommel who wrote (147)	7/14/1999 2:44:00 PM
From: vagabond	Read Replies (2) \| Respond to of 1116

Schwab's official stance is that if you sell IPO shares within 30 days, they "reserve the right" to refuse giving you shares in any other IPOs for the following six months. That's the only "penalty" -- and it's not necessarily applied as a hard-and-fast rule (in fact, I know someone who "flipped" an IPO and was still allocated shares in another (and better) one just a couple of months later). But I'm sure they do keep track of these things, and there's always a risk they'll enforce the "rule" if they feel like it. By the way, Schwab also "deducts" points from IPO applicants who've had shares in previous issues (even if they haven't "flipped") -- which means that if you've managed to get shares in a lot of IPOs in the past, they might deny you allocations in some future "hot issues" just to give other people a chance... Vagabond