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


To: Craig Schilling who wrote (1978)5/10/1999 4:35:00 PM
From: Marshall001  Read Replies (1) | Respond to of 15145
 
I think that e-trade has figured out the multiple account idea. I have not seen anyone get shares of any IPO in more than 1 account.

Has anyone here recieved shares of the same IPO in more than 1 acct??

That might be what they mean by "other criteria". I know for a fact that flipping is not part of the "criteria" yet. I think it will be eventually but for now the IPO process brings in too many accounts.

I also don't think that any two CS reps will give the same answer to any question. I won't even call anymore. It's too frustrating.

M



To: Craig Schilling who wrote (1978)5/10/1999 4:37:00 PM
From: Tom_  Read Replies (6) | Respond to of 15145
 
Official E*T explanation of IPO allocations.

From the March 15 Customer Service Live Forum:

Question from TSTBAG
I have a question about IVIL's IPO...Did E-Trade allocate ANY shares? I had my indication in 5 minutes after it was posted.

Warren E*TRADE C/S
Yes, we did; if you didn't receive any, it's simply because the offering was oversubscribed. When this happens, it's not a case of "first in, first served"; rather, it's done on a random allocation basis.
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Best wishes,
Tom