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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: Bob Duncan who wrote (14556)	12/12/1999 4:25:00 PM
From: Diamond Jim	Read Replies (3) \| Respond to of 15145

"I believe it is simply random." -- "generally", substitute the words, not always or usually. Otherwise leave the word generally out. here's the email from Etrade Bob: Shares are generally randomly allocated among customers who have submitted conditional offers after a review of applicants' holding records in prior public offerings. Accounts that have a history of short holding periods, selling IPO shares within 30 days of allocation, may receive a 60-day restriction from future allocations. The rationale for allocating shares to customers who tend to hold for longer periods is that it helps ETRADE get access to more offerings and more shares as issuers of new stock seek to build stability in the after-market. Of course, ETRADE does in no way restrict the sale of public offering stock at any time.