When I contacted E*Trade to get further clarification on their allocation procedure they told me they couldn't give me any information, nothing! Not how many shares, indications of interest, or by how much I missed it. They only told me everyone is chosen "Randomly" by the computer. Yeah right!!!
Waited in front of my computer for the last two days hitting Reload for nothing!! All I received was a letter that I did not get a allocation. I tried calling E*Trade to get an explanation and all the info I could get was that they were randomly distributed. When I asked how could they be random if their website stated clearly that if you sell shares before thirty days after IPO you ability to take part in IPO's would be affected. His response was that it didn't matter. When I asked him why E*Trade states that is does he wouldn't give me a direct answer. I think there is something strange going on here. I think E*Trade should be investigated. Too many people are spending alot of time with research on prospective companies only to get nothing.
Slashdot Mirror
When I contacted E*Trade to get further clarification on their allocation procedure they told me they couldn't give me any information, nothing! Not how many shares, indications of interest, or by how much I missed it. They only told me everyone is chosen "Randomly" by the computer. Yeah right!!!
Waited in front of my computer for the last two days hitting Reload for nothing!! All I received was a letter that I did not get a allocation. I tried calling E*Trade to get an explanation and all the info I could get was that they were randomly distributed. When I asked how could they be random if their website stated clearly that if you sell shares before thirty days after IPO you ability to take part in IPO's would be affected. His response was that it didn't matter. When I asked him why E*Trade states that is does he wouldn't give me a direct answer. I think there is something strange going on here. I think E*Trade should be investigated. Too many people are spending alot of time with research on prospective companies only to get nothing.