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

To: VeloSpeed who wrote (3565)	6/4/1999 11:51:00 AM
From: top ramen	Read Replies (1) \| Respond to of 15145

Just dumped mine at 19 1/16. E*Trade said on the trading screen that I might not have the shares in my account. There was no "you have 100 uncommitted shares" message. But I did get the allocation message in my alerts box. Anyone have a similar problem?

To: VeloSpeed who wrote (3565)	6/6/1999 3:06:00 PM
From: Fred Rollins	Respond to of 15145

Question re "suitability" for ETrade IPOs: HSAC was the first time I've even had a shot at getting in on one of the ETrade IPO offerings. (They are usually filled before I even know about them.) After having a lot of technical difficulties (it kept telling me my password was invalid), I was finally able to complete the profile. Then, to my surprise, I was deemed "not suitable" for the offering! I have no idea why ETrade made this determination. I've asked them, via email, to explain the rationale, but they refuse to do so. So, I'm asking anyone who has been successful with this - what is the secret? In terms of experience, income, investment objective, etc., I don't see where I am unsuitable - especially when we're talking about a measly 100 shares. The only thing I can think of is that maybe they thought of me as too aggressive; more likely to flip the stock than to hold it. But that would be a huge inference and is not necessarily true. I know ETrade is worried about lawsuits from novices who lose their money in risky investments, but I am hardly a novice and I really resent the notion that ETrade knows better than I do what investments are suitable for me. I'm very interested in what some of you veterans of the process have to say about this. If you prefer, send me a private message. Thanks