Complaining to the SEC that it was hard to get into an IPO? It IS hard to get into an IPO. There ARE limited shares. They move FAST. There is NEVER a guarantee. Hello? This is not "Etrade's evil empire"...it's called investing
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)
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Many pricings for IPO stocks increase at the last minute. The pricing is driven by how much "intent to buy" there is.
Complaining to the SEC that it was hard to get into an IPO? It IS hard to get into an IPO. There ARE limited shares. They move FAST. There is NEVER a guarantee. Hello? This is not "Etrade's evil empire"...it's called investing
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)