Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom_ who wrote (1981)	5/10/1999 4:39:00 PM
From: Gerald Walls	Respond to of 15145

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. Bull Sh\|t. They're all oversubscribed.

To: Tom_ who wrote (1981)	5/10/1999 4:43:00 PM
From: Hollywood	Read Replies (2) \| Respond to of 15145

Another example from: Service Center Topics Customer Service Live Forum Live Forum Archive Week of 3/22/99 Question from MIKEPLEWIS If I complete the online profile reviewed the prospectus and placed an order for an IPO within 5 minutes of it posting on your bulletin, how is it possible to not receive any shares of the IPO? *Warren ETRADE C/S** It doesn't matter when you enter in an indication of interest as to whether or not you receive shares--this is not done on a first-in, first-served basis. Rather, what happens is we close the window, find out how many shares we have been allocated, and begin to issue out shares in 100 share blocks. If we have more indications than shares, they are then issued out randomly in blocks of 100. . . . And a special message for my associates: No, I have nothing better to do. Hollywood

To: Tom_ who wrote (1981)	5/10/1999 4:44:00 PM
From: Marshall001	Respond to of 15145

This is getting frustrating..... It seems to me the only way to really know how things work is to watch each IPO as shares are allocated and check off time stamps. There are almost 2000 messages on this board to use as reference. I cannot remember any IPO that was not allocated based almost 100% on FCFS. Some folks got gilted ocasionally but I think that the FCFS method is currently the rule rather than the exception. This is just my opinion based on what I have seen up until now. M

To: Tom_ who wrote (1981)	5/10/1999 5:05:00 PM
From: Frederick Langford	Respond to of 15145

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. The same thing I was told.... Fred