Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP) -- Ignore unavailable to you. Want to Upgrade?

To: ChopChop99 who wrote (2272)	2/18/2000 11:21:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 10270

Chop, Thanks for your insight....I suspect they take into consideration how many accounts people have and the reasons are obvious, but other than that I have no basis for my suspicion. I personally wouldn't want the extra paper work of having multiple accounts...I already have 3 brokerages. I just wasn't sure if there were other qualifying requirements to make your account eligible for the lottery. I think it's great everyone has a shot at shares. I feel it is in my best interest to join the crowd and park some money over there. I believe the odds are going up since the ipo craze has been very hot for quite some time and so many more players have joined the game....I wonder why I have waited so long to play? Best, Jeff

To: ChopChop99 who wrote (2272)	2/18/2000 11:46:00 PM
From: D L	Read Replies (1) \| Respond to of 10270

Multiple accounts have benefited me greatly. I opened two more today. I have not flipped since the new rules but what stops people from just opening a new account and transferring everything into the new account. This was you are in ipo jail for only 5-7 days (time it takes to get a new account set up and funded) instead of 60. Multiple accounts and new accounts are the easy loophole with the process. I have 8 accounts now and have done well the past two weeks with 9 allocations. Three of my accounts received CHRD. My guess is that in the future, probably not for months, e-trade will use social security numbers to track IPOs and thus limit ipo allocations and control flipping more efficiently. Until then, the more accounts the better your odds.