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: akirasawa who wrote (3863)	3/23/2000 3:32:00 PM
From: Maywood	Respond to of 10270

No, for Platinum, you get 2 chances, first from the Platinum "pool", then another chance along with the regular accounts.

To: akirasawa who wrote (3863)	3/23/2000 3:43:00 PM
From: 4 - Bob	Respond to of 10270

<<Question.....if Platinum members IPO's are drawn from a reserve as E-TRADE says, wouldnt that be a disadvantage? If the amount reserved is less than the proportion of platinum members to regular members...then arent we actually getting a piece of a smaller pie?>> Not according to Etrade's statements below taken from the Power Etrade page. trading.etrade.com <<When the window for placing Conditional Offers closes, shares reserved for Power ETRADE Platinum members will be randomly allocated among eligible participants. Any Platinum customer who doesn't receive shares initially will still have a second chance** when the remaining shares are randomly allocated to all other ETRADE customers>> But also notice their disclaimer: <<ETRADE reserves the right to modify share allocation procedures at any time WITHOUT NOTICE>>. To date there is just no evidence that Platinum customers have any advantages whatsoever in receiving IPO's, much less having two seperate chances of hitting the lottery allocations. 4-Bob