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

To: Craig Schilling who wrote (2513)	5/13/1999 1:00:00 PM
From: dk10438	Read Replies (4) \| Respond to of 15145

im not quite sure what you mean about the system being down b/c they think we're flipping, are u implying that the accounts r down b/c they are performing random audits?

To: Craig Schilling who wrote (2513)	5/13/1999 1:16:00 PM
From: ChopChop99	Read Replies (2) \| Respond to of 15145

ETrade's allocation process IS... ...anybody's guess. What it says on their website in plain English is definitely a FCFS scenario beyond a shadow of a doubt. But since we regularly see posts from early timestamps that are not flippers, but still don't get shares, it makes one wonder exactly what the procedure is. Here's the paraphrased essence of what I was told by an ETrade rep Tuesday morning: "It's NOT first come, first served..." "It's NOT a lottery..." "I can't tell you what the process is because it's against the law for me to tell you..." "We really don't have anything to do with who gets shares. We just collect the information and turn it over to the underwriting syndicate. They tell us who can have shares..." "No, I don't see our website as false advertising..." "Well, your lawyers aren't gonna get anywhere with a lawsuit, because everything we do is okayed by the SEC..." And BTW, I just joined, so while I've lurked a while this is my first post. Lots of great info here!