Comment I got nothing (Score 1) 440
I was allocated zero shares by e*trade. Nothing. Nada.
I confirmed my order this morning after the price was finalized, and I was told that the 'affinity' shares wouldn't be distributed until this afternoon. I received the first alert at 12:32, the next at 12:26, and the third at 1:18 (EDT). All three alerts told me that they were unable to allocate my shares, due to "high demand for shares".
What exactly is going on here? Based on what I've read over the past few weeks, only about 400 people had access to these shares, and the shares were to be randomly distributed in 100 share blocks. How is it that I could get nothing? Did RedHat reserve such a small number of shares that not everyone got even 1 block of 100?
Also, I've had nothing but trouble with the e*trade website. Half the time I try to access my 'alerts', I get a message saying that I have to log in again. When I do, the system tells me that my username or password is invalid. But two minutes later, I can get back in. And right after getting the rejection letters, the entire 'Trading' and 'Account Services' sections were unavailable, for at least 20 minutes.
What about the rest of you? Was I just extremely unlucky, or did e*trade screw us all?