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

To: STOCKaHOLIC who wrote (1971)	5/10/1999 2:38:00 PM
From: cmac	Read Replies (2) \| Respond to of 15145

Copied from ETrade's IPO FAQ re: Allocations..... 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. I wouldn't trust an ETrade broker until you see this change.

To: STOCKaHOLIC who wrote (1971)	5/10/1999 2:39:00 PM
From: Marshall001	Respond to of 15145

STOCKaHOLIC, I have read posts like yours for the last 3 IPO's and still FCFS is the method of distribution apparently. If this were to change, I think you would see some sort of announcement on the IPO page. Unless they actually publish that information their servers will remain getting hit. See my point. After reading about 1500 posts on this message board, I have concluded that the CS agents at e-trade have said many different things concerning IPO's. Most of which end up being false. The system has remained the same throughout and until I see differently, I will continue to hawk the IPO pages for good time stamps. If they suddenly go to a lottery system without some sort of notice, there will be a lot of pissed off clickers. If I am not mistaken, the current ipo page lists the distribution policy. Does it still say FCFS? Anyone with thoughts? M

To: STOCKaHOLIC who wrote (1971)	5/10/1999 2:53:00 PM
From: Hollywood	Respond to of 15145

My contribution to the mystery of IPO allocation: I spoke with two different customer service reps at Etrade following the MMXI allocation. I had timestamps of 6:25, 6:26, and 6:28 in three different accounts. I received shares in the first account only, even though I personally know individuals with time stamps later than 6:26 who received shares. The stories from both reps were basically the same: the allocation is done using a formula, and the factors that contribute to the formula are unknown by them. They admit that the time stamp is one factor, but the Etrade underwriting syndicate will not divulge the others for fear that it would "pollute" the IPO process. During the second call I pressed the issue, reciting the numerous Etrade references to shares being allocated "to each order submitted in the sequence indications of interest were entered." Her response was that "they are allocated in order, but that isn't the only factor. It doesn't say anywhere that there are no other factors involved in the allocation process." I explained to her that the information on the website was, at best, very misleading. She told me that people see what they want to see, and that it was quite obvious to her when she read it that there were other factors involved. To be safe, I wouldn't assume anything you read on the Etrade site is correct. Hollywood

To: STOCKaHOLIC who wrote (1971)	5/10/1999 4:16:00 PM
From: Craig Schilling	Read Replies (2) \| Respond to of 15145

That makes no sense and would not help in relieving server problems. The servers get slowed do to the number of people that suddenly come online after IOI interest message is released. Lengthening the IOI window would in no way change this problem and hence the broker you talked to was clueless. I'm not saying what you're saying is bogus just what the person told you. Further, it is still first come first serve. I try to get shares in three different accounts and on the last 4 IPO's it has always been the first account I go through (earliest time stamp) that gets the shares.