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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: Shadowed who wrote (66)	4/2/1999 9:57:00 PM
From: Bob Duncan	Read Replies (1) \| Respond to of 15145

Robert: Thanks for the comments. I also agree that the sometime Etrade customer should be in on the IPO process, I am just not sure what path Etrade needs to take. When I called in about the Value America IPO (to ask about my timestamp) I asked the rep. about the problems they had that night, and he said they may need to evaluate the way they set up the IPO process. That is what got me thinking about a lottery system, as I thought well it would solve the problem of Etrade servers getting overloaded when IOI open up, and also in some ways would be more fair to the etrade user that, unlike most of us here, cannot monitor the IPO current offerings page everyday for hours on end. The idea of giving a point to increase ones odds for each trade was just one idea. For instance, they could also come up with a system that decreased your odds each time you flipped shares and increased them each time you held. Honestly, that would be a fair system since the flip rule is, in theory, designed to maintain price stability in the IPO. (Although, I heard that Mutual Funds can flip without restriction, is this true?) A system that increased odds for an IPO for each IPO held over 30 days and decreased it for each IPO flipped may go a long way towards making the process fair, what do you think? I will be honest, I think the IPO system will move towards the openIPO system in the future. There is too much interest, and really there is no reason a company should not be able to raise as much money up front as possible. Plus, I LOVE the idea of the average guy providing what amounts to venture capital in the future. Here is a thought I had recently trying to think of a web project: Why not start a web site that is designed to get enough people together to take part in PRIVATE placements? My understanding is to do those now you need 1,000,000 up front investments, but if they work you are talking about MAJOR investment returns. If you could just get 1000 people together willing to make a 1,000 investment, you would have enough to make a private placement and provide the little guy with access to venture capital. I am willing to design the site if anyone is interested, and I would even provide my domain (www.axiomdesigns.com) and site to the project. Anyone interested?