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

To: stan s. who wrote (2304)	2/20/2000 12:30:00 PM
From: star56	Respond to of 10270

Totally agree regarding ET's allocation process. I got WITS recently, but that was pretty much it for 2 platinum accounts in the last 3 months. And what are they doing with all their shares? Are they allocating "all" of them?

To: stan s. who wrote (2304)	2/20/2000 12:59:00 PM
From: Deeber	Read Replies (2) \| Respond to of 10270

I agree with you 100%. I am a HEAVY trader with Etrade, over 5000 trades a year, also have a large account and been with them for 3 years, since PRE-IPO days. I have gotten ONE IPO in my platinum account so far this year, and that was CTRA. IPOs are a BENEFIT of being a customer, not a reason to open an account, and E-Trade should take that into account more. I feel they should have a Platinum PLUS account status for maybe 500 trades a quarter, and also place people with $100k+ in their account higher on the pole. Finally, those who have been with Etrade longest should get priority. Im not trying to be greedy here, I just feel that IPOs are a BENEFIT of having an account. Etrade should reward those that give them the most business as a perk to continue trading. People here bitch and moan about not getting IPOs in their new account with $2000 and zero trades. STOP CRYING. You only opened the account to get IPOs, and you dont deserve ANY. Its like working for a new company, you dont ge all the benefits until you put in the time and pay your dues...

To: stan s. who wrote (2304)	2/20/2000 2:29:00 PM
From: ChopChop99	Read Replies (2) \| Respond to of 10270

ETrade will figure it out one day. I moved my largest account (heavily traded Platinum) out of there because a large balance (large for me, anyway) and tons of commissions did absolutely nothing to garner me IPO shares. In its place, I opened a new $3K account that will be very lightly traded. Very simple math reveals that their current approach is senseless. I would of course prefer the return of FCFS, a system that rewards those willing to sacrifice their time and put in the effort. Since that's not gonna happen, I think the next best thing would be an approach similar to this: 1. Create an Ultra-Platinum level for those who make the trades and have over $100K in their accounts. Allocate 50% of all IPO shares to this group in the first round of the lottery. Anyone in this group who does not get allocated in this round stays in the pool until they get allocated or all shares are gone. 2. Allocate 30% to the existing Platinum level in the second round. Anyone in this group who doesn't get allocated in the second round stays in the pool for the final round. 3. Allocate the remaining 20% to account holders at large, including those from above who didn't get shares in the first two rounds. This would be a sensible approach that would reward the customers who generate the most revenue for ETrade, while still allowing everybody a shot. And as unfair as we might find it, E*Trade must enforce anti-flip if they're gonna garner meaningful numbers of shares for us in the first place. This may change over time, but for the moment it's really the only bargaining chip that the online brokers have to use with the underwriters on our behalf. Chop