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

To: star56 who wrote (14941)	12/17/1999 7:52:00 AM
From: DebtBomb	Read Replies (1) \| Respond to of 15145

Yeah and they're flipping thousands of shares. Life is not always fair. The rich get richer, no doubt about it. And it takes money to make money. The income gap continues to grow in this country. The biggest mistake I made this year was not flipping TSCM in the 70's, despite good advice from mact and some others on this thread.

To: star56 who wrote (14941)	12/17/1999 8:16:00 AM
From: JSB	Respond to of 15145

FWIW, I also think that Etrade is finally starting to enforce their no flipping policy. Simply amazing when an IPO trades 2 or 3 times it's float on IPO day to assume that there is little or no flipping.

To: star56 who wrote (14941)	12/17/1999 9:10:00 AM
From: Andrew Danielson	Read Replies (2) \| Respond to of 15145

I'm hardly an expert on IPO's or flipping, but someone else said something that made sense to me--Etrade's policy is essentially that they "reserve the right" to enforce the anti-flipping policy. And when might they do that? When people flip dogs. Everyone is expected to flip the winners. Heck, if anything it helps smooth out the high demand with a little supply. But flipping dogs at or below the IPO price simply exacerbates what is already a bad situation for the underwriters. Just MHO, Andrew Danielson