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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (38917)	6/10/2000 6:00:00 PM
From: KeepItSimple	Respond to of 42523

Last week I got a cold call from Schwab's IPO department. This is about 10 days after I had closed out my account with them and transferred the funds elsewhere. I think this is a sign of how bad things are getting for the brokerages and their underwriting departments. In the past, I'd never get more than 100 shares of any IPO schwab was participating in, even though I had a high 7 figure account that had been active since 1992. And getting those were always like pulling teeth. And now their IPO department is cold calling people! Rule of thumb: the retail investor is the bagholder of last resort. If you can get in on a deal for as many shares as you want, then you don't want to get in on that deal. ------------ Wonder if Merrill is starting to have trouble getting their 'customers' to buy the HOLDRs. It's been five weeks since they filed their registration for the regional bank trust and the utilities trust. To this date, neither have started trading.