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

To: Larry Levine who wrote (202)	4/8/1999 10:11:00 PM
From: Bob Duncan	Respond to of 15145

Larry: I agree 100%. If your cash available is correct THAT DAY you are ok. However, if it is too low even though you may correct it that trading day, too bad you will not get shares. This seems to be the case, when I got priceline.com I technically did not have available $$ that day because they shares I was going to sell at close to make the money available were not sold because Internet Explorer locked up at 3:57 when I was trying to enter the order. However, according to my account balances that was not a problem because the previous day, I had 6K or so cash available so that must be what Etrade went by. Also, with Value America, my cash avaible SHOULD have been 6K, however, I had an open order in my Etrade account that was doing nothing (in limbo, had been for several days) which made my buying power 1,600 that morning in account balances. I called Etrade yesterday morning regarding this, and they canceled that order (I had not been able to myself - it would just say "trying to cancel a previous order") I asked him if this would affect IPO pricing that evening, he said "of course not" That evening, as many know here, I did not get shares. Since my timestamp was 5:23 I bet it was because they look at cash available THAT MORNING (from previous days trading) Either that, or the process is truely random. --Bob

To: Larry Levine who wrote (202)	4/8/1999 10:23:00 PM
From: 4 - Bob	Read Replies (1) \| Respond to of 15145

How did you interpret this statement: Your cash available balance is determined by reviewing your Account Balance screen the morning that the issue prices. For example, since RVWD priced tonight 4-8-99 at $10.50, would this morning's (4-8-99) account balance screen info be used or tomorrow's (4-9-99). If it is this morning,s account balance, then any selling trades made during market hours today would not be figured. This would imply that any trades would have to be done the day before to be reflected in the morning account balance. I hope that is not the interpretation. I would like the option of using the funds elsewhere up until the day of the IPO pricing. 4-Bob