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To: DAY TRADER who wrote (245)1/3/1999 10:30:00 AM
From: Alex Sharp  Read Replies (1) | Respond to of 3070
 
I continue to use Infospace and I even contacted them. Easy to get a hold of and I am most impressed with their partnerships and alliances and databases. Whether this goes up or down, I will hold for several months at least. It looks like a winner to me.



To: DAY TRADER who wrote (245)1/3/1999 12:58:00 PM
From: Dave  Read Replies (1) | Respond to of 3070
 
Day Trader:

What Gary said made sense. I logged onto E-Trade and this is what they had to say about allocation of IPOs.

11.How are the shares allocated?

E*TRADE's goal is to allocate shares evenly amongst all interested
participants. For this reason the process takes place in rounds; in the
first round, we allocate 100 shares to each order submitted in the
sequence indications of interest were entered. In the second round, we
allocate another 100 shares to each order greater than 100 shares. This
process is repeated until all orders are filled or until we run out of shares
to allocate, whichever occurs first.



To: DAY TRADER who wrote (245)1/3/1999 1:49:00 PM
From: Gary Metzer  Read Replies (2) | Respond to of 3070
 
Day Trader et al,

RE : HOW DO YOU KNOW WHAT SCHWAB DOES?
DO YOU WORK FOR SCWHAB OR ARE YOU JUST GUESSING
LIKE EVERYONE ELSE

Well, I did what most people should do when they have questions...I went to the source. You guys can too. Schwab's IPO line is 1-888-476-3337. The two direct answers in my previous post were exactly as it was stated to me by the Schwab IPO rep. I was curious if someone requesting 50,000 shares would get the same treatment as someone requesting 100. SCHWAB's answer was YES.

My "probably" answer at the bottom of my previous post was a guess on my part as I didn't ask them that question directly but it makes sense. There must be some point where Schwab considers as a minimal number they will distribute, ie. 100 / person.

Sidenote : Printing in ALL CAPS is considered shouting and those of us who spend hours each day on the internet consider it offensive and rude. Therefore, if you are new at posting messages and don't realize this, please ONLY use CAPS for emphasis. Thanks.

Gary