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


To: SgtPepper who wrote (9647)6/28/2001 9:37:26 AM
From: Bald Man from Mars  Read Replies (1) | Respond to of 10270
 
how can you put in 9 ...
are you an IPO rookie ???



To: SgtPepper who wrote (9647)6/28/2001 12:12:51 PM
From: A1BRIAN  Read Replies (1) | Respond to of 10270
 
ET IPO Guidelines - 50 shares, max price, think about flipping

1) I recommend only asking for 50 shares max per account. If you ask for and get 2000 shares you can bet noone else wants the stock and it is a dud and will drop very quickly.

2) You want an issue that prices at the top of its range not the bottom. A strong pricing signals strong demand and likely aftermarket appreciation. Asking for a stock at the bottom of the range is only asking for trouble.

3) Don't be afraid to flip. Remember a bird in the hand is worth 2 in the bush. Many IPO break the IPO price in the first 30 days. If you have multiple accounts you still could get shares in others later anyway.

Any thoughts / comments ?



To: SgtPepper who wrote (9647)6/28/2001 6:26:55 PM
From: SgtPepper  Read Replies (1) | Respond to of 10270
 
$9 limit was my way of keeping my foot in the door. If it prices above range, I have to reconfirm. If below, ditto. If it prices in range, I'm not sure I want it, but may forget or be unable to cancel. So $9 seemed to minimize the risk, while staying in the game 'til the last minute. (I'm not sure this makes sense, but it did yesterday.)