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To: OverUnder who wrote (1885)12/9/1999 1:03:00 PM
From: capitalistbeatnik  Read Replies (1) of 2276
Why Schwab's allocation process is unfair.

If you starting buying IPOs earlier this year, you could have a lot with modest 1K gains. maybe 30 in all. But of course you would be penalized now for this.

If you happened to sign up a month ago and had a number of years with the company, and simply signed on for Retek and LNUX and got them, you would have outperformed on a total basis anyone who did the above.

The problem is the ex post facto penalty. Hell, if I would have know this, I never would have put in for Launch or Newgen back in April. They should factor in prior allocations SINCE THE INITIATION of the policy.
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