CSFB Direct(DIR) Message Board

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Non-Tech : CSFB Direct(DIR)

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To: E.J. Neitz Jr who wrote (404)	5/17/2001 3:03:38 PM
From: Maywood	Read Replies (1) of 406

Thanks for the response. I have the 100K minimum. If they based the IPO allocation on trading activity and how long the account has been open, it probably wouldn't be worth my while. If I did open an account, it would be with the minimum and I probably wouldn't trade much if at all. If they ever did give me an IPO, I would be fully prepared to hold it for 30 days, as I did all of my ETrade IPOs I received in '99 and '00. (or whatever the minimum required time, do you know what it is for CSFBdirect? It is 30 days for ETrade.) What is the number of shares they give out if you do get some? For E*Trade, in 1999 it was 100 but in 2000 they lowered it to 50 shares (unless it was an IPO no one else wanted!) On the other hand, even if I got say 4 allocations per year of 50 shares each that went $5 above the IPO price, that would be 1,000 which for a 100K account would be 1%. That would probably make it worth it because that money would just be sitting around in a money market somewhere else anyway. Do they post their current money market rates on the website? I couldn't find them.

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