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

To: Maywood who wrote (3356)	3/15/2000 10:04:00 PM
From: Hadrian	Read Replies (1) \| Respond to of 10270

0/3 IMPV, punted on 4 accounts w/limited cash. H

To: Maywood who wrote (3356)	3/15/2000 10:05:00 PM
From: Carl Worth	Read Replies (1) \| Respond to of 10270

Just my humble opinion but at this point I would flip it for several reasons: 1) It's not the kind of IPO that is likely to do well in the long run, reminds me of VSTY, KNOT, EGRT, etc. 2) As you know since you haven't gotten any IPO's up til now, the odds are not great these days of getting another real soon in the same account so there's no guarantee you'd get another one in the next 60 days even if you didn't flip. 3) Being in jail with a profit is better than having this one end up falling below the offer price. A bird in the hand vs. two in the bush, etc. (this comment has nothing to do with bald man <g>). Again, just my opinion. Carl

To: Maywood who wrote (3356)	3/15/2000 10:11:00 PM
From: Roger L. Chuchen	Read Replies (1) \| Respond to of 10270

Well, I would not have gone for it in my Roth in the first place given that there is a limited amount of money I can contribute. But since you already have it, I would cash out if decent profit opportunity presents itself (e.g. 600-700). But then again, this is the strategy I took on DTHK selling at 26 9/16 (now at 51) and I paid dearly for it. When deciding what to do, please take into consideration that Uncle ETrade tends to dole out allocations in bunches. I've opened 3 new accounts this year, all of which have received multiple allocations. From what I can gather from the results on IMPV so far, you are probably on a "hot streak" with ETrade. So, I guess maybe you should hold on until you receive another allocation, which should exhaust your available funds ... Sorry I can't be of much help. If I only knew how IMPV is going to move tomorrow ... Roger

To: Maywood who wrote (3356)	3/15/2000 10:17:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 10270

Even tho that would exclude me from getting any more IPOs for 60 days, I don't want to lose money in that account. Or should I go ahead a flip tomorrow if it hits $25 or so? Hopefully it will open tomorrow above $16! If preservation of capital is a primary concern then you shouldn't be bidding on IPOs. Now that the preaching is done, if you really don't want to lose money in the account then you should flip. ImproveNet looks so-so at best to me (I think Ben Holmes was dead on when he compared it to the pet supply sites) so it's unlikely to really run and the high price is likely to be on the first day so the reward of holding is low and the risk high. If you do flip then you go to jail for 60 days. Whoop-ti-do. As you said, it took you six months to get an IPO in the account, so what are the odds that they'd draw your name in that particular account in the next 60 days anyway? Take the money when they give it to you. All this is IMHO, of course.