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Domain: etrade.com

Stories and comments across the archive that link to etrade.com.

Comments · 62

  1. Open Letter to E*Trade by Admiral+Mouse · · Score: 1 · on VA Linux Systems Opens at $300

    sent to E*Trade customer service, see also:
    http s://trading.etrade.com/cgi-bin/gx.cgi/Applogic+Hom e?gxml=at_ipo_alloc.html and note that this is not mentioned anywhere in E*Trade's IPO Center

    E*Trade:

    What is the percentage of E*Trade's IPO shares that are allocated to "Platinum" customers, including both the Platinum-only lottery and the allocation to Platinum customers in the "regular" lottery?

    What I'd like to know is, do "regular" E*Trade customers really have access to IPOs, or is E*Trade just like Schwab and more traditional brokers who only allow "premium" customers to get IPO shares.

    If all shares typically go to your Platinum customers, then it is false advertising to say that regular customers have access to IPOs.

    The IPO Center FAQ and Allocation notice are also false when they say that shares are distributed randomly among those who have placed conditional offers.

    It is very interesting to note that the "Platinum-only" lottery is not mentioned ANYWHERE in the IPO Allocation Process document, the Allocation Announcement document or the IPO FAQs.

    At the very least your web site is misleading your customers into believing they have the same equal chance at IPO access as everyone else, when in reality it seems like all of your IPO shares are probably allocated to your premium customers.

    Thank you,
    Baba Buehler

    ----

  2. Re:Did ANYONE get in at the $30 on E-Trade? by Admiral+Mouse · · Score: 1 · on VA Linux Systems Opens at $300

    I also put in for 200@$30 and got none, and I know a couple of other people who put in for 100 and got nothing.

    I've held on to the RHAT that I got from E*Trade in the F&F program, so I shouldn't be on their IPO blacklist.


    If you poke around enough on E*Trade you'll see that, while they allow "regular" customers to sign up for IPOs, ther e is a whole seperate lottery for their "Platinum" customers.

    AND, if you don't get shares selected for Platium customers, you STILL get to participate the the second lottery with everyone else.


    Basically it seems that E*Trade really only gives IPO shares to their "best" customers, just like Schwab and everyone else... they just let their regular customers sign up for a random shot at the "crumbs," if any are left over...

    ----

  3. Re: Etrade - Sorry... URL here. by Anonymous Coward · · Score: 0 · on VA Linux Systems Opens at $300

    https://trading.etrade.com/cgi-bin/gx.cgi/AppLogic +IPOTombstone?Message=IPOAlloc:1

  4. Re:Some suggestions for MassacrE by Kerg · · Score: 1 · on Microsoft wins Annulment of Sun's Java injunction
    It has been multi-paradigm from the start. That is one of it's strengths and one of Java's shortcomings.


    To me, C++ trying to be both procedural and OO language is it's greatest weakness. Like you have heard so many times before, right tool for the right job. When I need to go low level, procedural languages like C do the job very nicely. When I need to do OO, I rather choose the language with elegant, and pure OO support, like Smalltalk, Eiffel and Java have (and now all the smalltalkers will jump out and scream how Java is not nearly as pure a OO language as ST is). Anyway, it does alot better job at it than C++ does, IMHO.

    For that matter though, I've yet to see any very large systems coded in Java either.


    Admittedly, I can't give you the exactly LOC counts for these projects, but some largeish Java projects I know of include:


    I can however point to a multitude of 150,000 - 30,000,000 LOC projects written in a mixture of C/C++. Linux/KDE/NT/(Name your *NIX).


    Well, perhaps this is because both C and C++ (and even Perl) have been around alot longer than Java? :)



  5. Re:Affinity Program, no shares allocated by scottj · · Score: 1 · on "The Word" from E*Trade About the RH IPO

    My first guess is they screwed up the directed-shares bit.

    While I see it as very likely that they screwed up, I'm thinking that the directed shares went to the lottery process because of high demand. The documentation on the site stated that this might happen, but I guess we can never really know with such terse alerts coming from E*Trade.
    --

  6. E*Trade sux by jphale · · Score: 1 · on "The Word" from E*Trade About the RH IPO

    The new conditional offer on E*Trade lasted about 20 minutes. E*Trade says RHAT priced at $14/share and only those who placed new conditional offers are eligible. I'd also like to point out that I got my account alert saying that the new offer was available *after* they were no longer accepting conditional offers. Luckily I had already placed a new offer at that point. But it still pisses me off.

  7. need to place new offer? by ColPanek · · Score: 1 · on Red Hat IPO Price Range Increase
    now posted at the E*Trade IPO Center

    IPO Bulletin

    8/10/99 Please note, should the Red Hat IPO price above or below the original filing range of $10-12/share, E*TRADE customers will be required to submit a NEW Conditional Offer for shares. This offering has not yet been priced or declared effective. In the event that this happens, E*TRADE will update the IPO Bulletin and send an account alert to Customers who previously placed conditional Offers in this IPO.

    E*Trade's account/trading services were down for a while today. If RHAT prices outside the range, expect utter chaos. Oy.

    And no, the announcement doesn't distinguish between friends/family and others.

  8. I called e*trade twice by mec · · Score: 2 · on Red Hat IPO Price Range Increase

    ... at the IPO phone number, 1-888-707-8680 ext 4263. Don't bother with the main IPO phone number.

    The first time, I talked to a helpful man who transferred me to a very helpful rep who modified my limit order to $14.25 for me. I asked the rep if Red Hat as likely to change the price again, and he said "probably not". Keep in mind that Red Hat, not e*trade, determines this price.

    The second time, I realized I had more $$$ in my account and I could actually buy 100 more shares. So I called again, and this time e*trade's rep told me that their computers were currently unavailable, and he would call me back when he could revise the order.

    I opened every conversation by stating that I was in Red Hat's Directed Share Program, and I always used the special 6-character account number (the one I get on http://www.etrade.com/redhatipo after I log in).

    Anyone who has a limit order in for less than $14, you might want to call e*trade and revise it.

  9. Re:The 'ol bait-n-switch... by bluGill · · Score: 1 · on Barred from Red Hat IPO?

    It isn't that bad. While it is true ETrade makes interest, they pay that to you. It probably isn't 4%, because it is compunded daily. However they are paying you the interest earned while the money is in their account. I'm sure they get a little off the top of that, and they take the whole amount while the check is in the mail, is about $.70 per person, stamps are $.32, and envlopes are not free, nor is staff time to send it

    If you had read ETrade's fine print you would know that you get the interest. I was going to post the URLs and interest rate, but they are too long for a lynx line, and netscape is acting up on me. Javascript is getting in the way. Go to their web site ETrade and prove me right, it is easy, and the reasearch will do you good.

  10. Anyone asked etrade yet? by Anonymous Coward · · Score: 0 · on Barred from Red Hat IPO?

    According to https://trading.etrade.com/cgi-bin/gx.cgi/AppLogic +IPOTombstone?Message=IPOrhatt:1, etrade doesn't expect to be accepting indications of interest yet. Maybe it's just a bug in the system? Why not just call and ask. In the e-mail from Red Hat, it gave a phone number and a PIN to call to ask questions.

  11. Re:RED HAT by MoxCamel · · Score: 1 · on Red Hat IPO Surprise
    If it's a fraud, then eTrade's in on it too:

    http://www.etrade.com/redhatipo

  12. Red Hat IPO on E*TRADE only for the Chosen Ones by scruffy · · Score: 1 · on Red Hat IPO Update
    I got an E*TRADE account hoping to take advantage of the Red Hat IPO among others.

    Anyway, after frustration with their IPO web pages, I poked around and discovered this web page. You need to be a E*TRADE customer to see it. I quote "Red Hat has set aside a certain number of shares in its initial public offering for purchase online through E*TRADE by certain members of the open source community." Another quote, "Red Hat has chosen certain people that the company feels have contributed much to the growth of the company to date. Red Hat wishes to provide these people with the opportunity to purchase shares of stock in the company at the public offering price, should they wish."

    Will any of the Chosen Ones speak up? Should the rest of us forget about it?