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


To: ChopChop99 who wrote (2309)2/20/2000 2:36:00 PM
From: Deeber  Read Replies (2) | Respond to of 10270
 
Thats an excellent setup...you should email them about it.



To: ChopChop99 who wrote (2309)2/22/2000 4:20:00 PM
From: eDollar.com  Respond to of 10270
 
Chop, I see your point and frustration about IPOs being given to big and heavily traded accounts at etrade.
Now I dont know your finacial situation, but when I started this IPO game 1 year back I had next to nothing but know I can atleast think of buying a high end car, very nice house, not really worry of living paycheck to paycheck etc.

etrade and Wit let me have it, and they never had strick requirements like MSDW, DLJ etc. So why should it change now.

===============

Plus remember IPO game picked in 1999 and so far. i am sure this euphoria will die down. Like companies pricing at 17 and opening at 100+. The gap between premarket and aftermarket price is going to diminish and the allocation size will diminish. So opening accounts wont pay of. So let the macro environmet decide whether people should open 100 2K accounts and hope for IPOs or have a 200K account and invest and hope for a 30-50% return.

If in any way etrade should give priority it should re for trades and the amount of margin income it generates for etrade. And to some extent the Money market fund. If I have a million buck of CSCO shares and 0 MM funds or 0 margin debt and dont do any trading, etrade doesnt gain any thing? or does it?