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

To: star56 who wrote (85)	4/3/1999 8:47:00 PM
From: Richard Holliday	Read Replies (1) \| Respond to of 15145

I strongly disagree with you! I support the idea of allowing all interested customers to participate in IPOs regardless of their status with E*Trade. Although I am a Plat customer, I think customers should not be forced to trade 75 times in order to become eligible for IPOs! IPOs are open to everyone and should be allocated on a first come, first serve basis. I can see that some of Plat customers are selfish and whine when they don't get a piece of an IPO. That's why I love democracy. Investors and traders have different investment objectives so I think Plat customers should not be rewarded with IPOs. Some of them are novices and trade purposefully to get into any of IPOs, and that encourages reckless and irresponsible behavior. Hence, that contributes to volatility in many Internet stocks. I am frightened to see that some people on Silicon Investor are novices and act with arrogance and foolishness when it comes to making money. Trading does not necessarily mean making money! Good luck to those who sweat over IPOs. R

To: star56 who wrote (85)	4/8/1999 10:07:00 AM
From: Larry Levine	Read Replies (2) \| Respond to of 15145

I called customer service a couple of days after missing the Priceline IPO to complain about the fact that they moved the notification from the 'IPO Central' page to the "Current Offerings" page. The person responded by saying that they put the notice wherever the IPO'ing company want it to be. I didn't buy this answer and called back the next day. This time I got the real answer: Apparently ETrade discovered that one or more people had written code to examine the web page and notify the user when an IPO was first mentioned, so the people running this program knew ASAP it was available. (The code actually pages them as well as emails them.) Anyway, ETrade thought they'd defeat this by moving the IPO notification to a different page, which is why all of us who were watching the 'wrong' page are pissed off. Of course, any of you who are programmers know that modifying this code to chekc EVERY page is trivial, and I'm sure this has already been done, so all they ended up doing was screwing their honest customers out of one IPO. Are you as pissed as me? If so, answer my survey (Post 167). I plan on taking ths responses directly to E*Trade headquarters (I work about 15 miles away) and giving them a piece of my ... Larry