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

To: Patricia Meaney who wrote (8573)	10/4/2000 11:29:53 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 10270

Forget the flip policy. Ben Holmes agrees: thestreet.com Don't Flip Your Lid, Flip the Stock By Ben Holmes New Issues Editor Originally posted at 2:00 PM ET 10/1/00 on RealMoney.com I seldom complain about working. The fact is, I like to work. But when it happens that I'm in here on my wedding anniversary reading deals, I get a bit miffed. The upside of this situation is that I feel like mouthing off. Care to listen? I'm hearing from more and more readers who are getting fewer and fewer shares in the deals from their online brokers. What's worse, they're telling me that they're still being told to hold these tiny allocations for 15, 30, even 60 days after issue. I say BS. Tell them to take a hike. Flip what you get and take the profits. But Ben, I'll get shut out. Guess what? You already are. If your allotments are getting whittled down to 25 or 50 shares and you're being forced to hold these things way beyond the point where there's any profit left, you're being abused. It's time to find your courage and start playing like you're in to win. What have you got to lose? The bragging rights that you got in on a hot IPO, only to watch it slip under the waves while you bravely held until you were "allowed" to sell? What is that? Trust me people, there's no top-secret underground data haven where your name will be stored and shared with all the other syndicate departments on earth. If you flip a deal and make money, the worst that can happen is that you'll get turned down for the next one from that firm. Fine. It's better than losing money. You'll just have to go to one of the other hundreds of firms out there that produce and allocate stock in deals for your next fix.