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


To: 4 - Bob who wrote (201)4/8/1999 10:03:00 PM
From: Larry Levine  Read Replies (2) | Respond to of 15145
 
Part of a response to a complaint I sent in:

"The first step in the process
is to verify that each account has enough cash available
for 100 shares of the stock. Your cash available balance
is determined by reviewing your Account Balance screen the
morning that the issue prices. Although we do not notify
you of the shares you have been granted until after the
close, we begin the allocation process early in the day."

For those of you asking about when the funds need to be available,
it appears that you need to have the cash available BEFORE
the price is issued.