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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Giambrone who wrote (2979)	6/1/1998 12:39:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 13953

how did you find out about the IPOs? How do you get in at the IPO price? I still haven't figured out how all that works. I am an E-Trade customer but don't know how to get in at the IPO price.

To: Robert Giambrone who wrote (2979)	6/1/1998 1:33:00 AM
From: Bikergirl	Read Replies (4) \| Respond to of 13953

Any IPO that a discount brokerage company can get you shares of is not worth buying into. Investment bankers save the really hot IPO's for their brokerage arm's best clients. If there is a hot IPO, like Inktomi coming out, in which your broker has a relationship with investment banks like IPO's, you will not be able to get shares. A friend of mine has an active account at Schwab. Schwab has an IPO agreement with 3 investment banks. One is Hambrecht & Quist. HQ is helping underwrite Inktomi. Guess what? My friend asked about INKT, and Schwab is not getting any alottment through HQ. The best IPO deals are not going to go to Schwab or EGRP, although I do agree it is an added service for the clients.