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

To: murphy9100 who wrote (2308)	5/11/1999 5:15:00 PM
From: $Mogul	Respond to of 15145

Wow, glad i have not flipped, I also heard today from a good source that eTrade has special reps that are now sweeping etrade Accounts for IPO's that were flipped!! $mogul

To: murphy9100 who wrote (2308)	5/11/1999 5:17:00 PM
From: STOCKaHOLIC	Read Replies (1) \| Respond to of 15145

>>Spoke to e-trade rep today. He said e-t is doing random audits on accounts for flipping--kind of like the IRS. Thought I'd pass the tidbit on, FWIW.<< I didn't flip my Ravenswood. I held that dog for 30 days for a hefty 0% gain. They should have a point system like Wit. YOu get points very IPOs held and lose points for flipping. Therefore, you could boost your points by holding a few IPOs then flip a one day high flyer. The audit thing seems kind of bizarre. Highly unlikely to be audited. I see no reason not to flip.

To: murphy9100 who wrote (2308)	5/11/1999 6:01:00 PM
From: 4 - Bob	Respond to of 15145

<<Spoke to e-trade rep today. He said e-t is doing random audits on accounts for flipping--kind of like the IRS.>> As the number of new traders trying to get in on Etrade's IPO window increases, non flippers (and flippers also) are going to find it increasingly more difficult to get a "good" timestamp. With this in mind, it will be most discouraging to a non-flipper to miss out on future hot IPO's because of timestamps after realizing that they had given up some super short term gains by honoring the 30 day holding period and still didn't get really hot IPO's. "A Bird in the hand is worth two in the bush". For me a sure profit now has more appeal than a "maybe ipo" tomorrow. I am thankful to Etrade for the IPO's i have gotten in on, but I have missed out on too many for the flipping rule to determine the timing on my trades (IMHO). One should weigh all factors in deciding to flip or hold. Best to all IPO enthusiasts, 4-Bob