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


To: Jim B who wrote (3591)3/18/2000 12:28:00 PM
From: Keith J  Read Replies (2) | Respond to of 10270
 
Jim,

Irregardless, I would rather see Etrade limit accounts per person. I think it's ridiculuous that a person could open up 30 accounts with $1k each just to try to get IPOs, and have virtually no trading activity...yet Etrade would say these accounts are the same as an account with $100+K in assets and making a significant number of trades. Just think of Etrades costs for having all these small accounts. If I was an Etrade shareholder, I wouldn't be very encouraged by this policy.

I may have to call Etrade and voice my displeasure over this current policy. Should one person have 30 chances for an IPO while others with more assets and trading activity have one or two? I think you'll find a whole lot less loyalty if this is the case. While account growth is ok, you need trading and assets under management to really show growth.

My 2 cents.

KJ



To: Jim B who wrote (3591)3/18/2000 12:43:00 PM
From: HiSpeed  Read Replies (2) | Respond to of 10270
 
I was told the manager of account services had closed my accounts because I was taking advantage of the IPOs - gee, why would someone want those things? ggggg

Anyway, I will be sure to let the thread knows what happens with this situation. If none of you have had accounts closed yet (those with 8,15? who know where the true cut-off is) then I might assume my family is being singled out.

Again, if noone else here has experienced what I have, then I would have to agree, something smells very fishy.....