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

To: A1BRIAN who wrote (9654)	6/28/2001 12:28:23 PM
From: HiSpeed	Read Replies (1) \| Respond to of 10270

there's no harm in asking for a boatload of shares. i would cancel my ioi if the ipo priced at the bottom of the range (or maybe just ask for 50-100 shares) in the case of mosy (pricing midrange) i left a high allotment request in because i anticipated a strong mkt today, based on the dip buyers from y/day's fomc. i figured a strong up day would help mosy's performance. as is often the case, the downside on an ipo is ~1 point; upside unlimited. i'll take that bet every time. you only need one winner to make up for a bag of lemons if you place a stop-loss of 1 point. you're absolutely correct on flipping: "just do it", i say. "one can never go broke taking a profit" screw the flipping policy. we all know big fundies do it all the time. why should us 'little guys' be stuck holding the bag?