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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (11801)	2/17/2000 10:35:00 PM
From: SLSUSMA	Respond to of 13953

So really, there is no incentive to not flip, is there? Did ETrade just paint themselves into a corner? From what their website says, the reason they discourage flipping is because they don't want to increase volatility and get less allocated shares in the future from underwriters for IPOs. However, the fact that they insist on equal access to IPOs to everyone means that the odds of getting an IPO dramatically decreases for all. Therefore, that means that the chances of people flipping increases, since they will rarely get more than 1 shot at an IPO. So basically, the whole IPO selection process is counterproductive to non-flipping. Now if they placed a minimum account limit on getting IPOs, wonder what that would do. Say they put up a $100k floor for IPOs and allocated more than 50 shares (like at least 200). Then is may be worth the while to pony up $100k in stocks/cash to secure 200 shares of say, WEBM or something. But then, that goes against their claim that they are are out to help ALL investors. P.S. What did I say about the idiot getting excited over the word BLOCK*? Two back to back inflammatory posts designed to start a war. Well, a boy losing his meager allowance is entitled to a little stress relief.