It seems very odd to me that this IPO wasn't priced until very late on the day it started trading. Doesn't pricing usually occur the night before? And after it did finally price and start trading, hundreds, if not thousands, of people did not know (still don't?) if they were allocated shares. It looks like a good old fashioned 'up-yours' courtesy of the money boys. They waited to test the market for the IPO before they committed to allocating the shares. I'll just bet that if the demand for Red Hat had been somewhat lukewarm, there would have been a lot more shares for the peons. Just my 2 cents.;0)
Next time, write a shell script that dials up your ISP every ten minutes (through 'cron') and checks for changes to E*TRADE's IPO page. You can use use 'lynx' with the '-get_data' qualifier to pull a web page and redirect the output to a file. Then you just 'grep' the file for whatever your interested in. I set one up that (1)called my 'mp3' player and started blasting out Aerosmith's Walk this Way, (2) emailed me at home and at work, if there was more than one mention of 'Red Hat' on the IPO page. (It was already listed once on the page as an Upcoming IPO);-)
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It seems very odd to me that this IPO wasn't priced until very late on the day it started trading. Doesn't pricing usually occur the night before? And after it did finally price and start trading, hundreds, if not thousands, of people did not know (still don't?) if they were allocated shares. It looks like a good old fashioned 'up-yours' courtesy of the money boys. They waited to test the market for the IPO before they committed to allocating the shares. I'll just bet that if the demand for Red Hat had been somewhat lukewarm, there would have been a lot more shares for the peons. Just my 2 cents. ;0)
Dare I ask? Did anyone get more than 100 shares?
Next time, write a shell script that dials up your ISP every ten minutes (through 'cron') and checks for changes to E*TRADE's IPO page. You can use use 'lynx' with the '-get_data' qualifier to pull a web page and redirect the output to a file. Then you just 'grep' the file for whatever your interested in. I set one up that (1)called my 'mp3' player and started blasting out Aerosmith's Walk this Way, (2) emailed me at home and at work, if there was more than one mention of 'Red Hat' on the IPO page. (It was already listed once on the page as an Upcoming IPO) ;-)