Comment Etrade and Investing (Score 1) 284
1) Etrade does not have any new policies here. Check out their IPO FAQ.
2) 1400.00 is not going to cut it as it is most likely that when "buy" happens it will NOT be at the original offereing price. Basically you put in an "intent" to buy and they allot shares but you pay the price of whatever the stock is at that moment.(And they allot 100 shares only then proceed to next person on list in round-robin)
3) You can not buy IPO stock from a lead underwriter..hello insider trading...they are barred from it.
Before you go on slamming Etrade you should do your research. You do realize that when all these uninformed people sell after their stock just doubled! that it will fall through the floor. (ex Juno)
2) 1400.00 is not going to cut it as it is most likely that when "buy" happens it will NOT be at the original offereing price. Basically you put in an "intent" to buy and they allot shares but you pay the price of whatever the stock is at that moment.(And they allot 100 shares only then proceed to next person on list in round-robin)
3) You can not buy IPO stock from a lead underwriter..hello insider trading...they are barred from it.
Before you go on slamming Etrade you should do your research. You do realize that when all these uninformed people sell after their stock just doubled! that it will fall through the floor. (ex Juno)
