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   Non-TechCSFB Direct(DIR)


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To: domtess who wrote (397)3/28/2001 8:51:37 PM
From: PAFOOFNICK
   of 406
 
My broker said this is not set in stone, (the $4) More info should be forthcoming.

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To: PAFOOFNICK who wrote (398)3/29/2001 9:27:18 AM
From: Eman03
   of 406
 
The least they could do is throw in a jar of vaseline after they bend everyone over.

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To: Eman03 who wrote (399)3/29/2001 8:00:13 PM
From: PAFOOFNICK
   of 406
 
O U C H !!!!!! My thinking is they will at least make the offer in the 9-10 range, I dont think the sec will have any say in this and I dont think the board of directors gives a rats A$$ about the investors. Im pulling out my accounts if they persist.

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To: PAFOOFNICK who wrote (400)4/2/2001 7:12:06 PM
From: Mark Rosneck
   of 406
 
In this whole ugly mess, what I don't understand is:
1) Let's say that DIR just went to zero, what bad things happen to CSFB (other than more of a few of us being really upset)?
2) If CSFB buys up the shares of DIR, how does that make any money for CSFB?
3) If someone else gains control of DIR other than CSFB, what bad things happen to CSFB?

It's all probably academic but CSFB's motivation and the money trail for all of this are at least interesting.

On a side note, I really disliked the whole notion of a tracking stock but bought into DIR because CERTAINLY DIR management wouldn't do EXACTLY WHAT THEY DID to shareholders since many shareholders are also customers. I have a rather visceral reaction every time I get my statement. I guess there's a lesson to be learned here but I'm not exactly sure what it is. I just wished it weren't so doggone expensive to learn whatever it is we're in the process of learning.

Mark

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To: Mark Rosneck who wrote (401)4/26/2001 6:32:13 PM
From: domtess
   of 406
 
hopefully those of you who have a DIR account will let them know - while they are being advised on the Proposed Acquisition - that you will not be happy with a $4 buyout... it's one thing to lose its shareholders' confidence but it is something else to lose its customers' account.

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To: domtess who wrote (402)5/13/2001 5:12:53 PM
From: Maywood
   of 406
 
Does anyone here have an account with csfbdirect and try to get IPOs? If so, how hard is it to get IPOs? (I know it would be pretty hard to tell right now anyway since the IPO market hasn't been doing much for many months now.) I've been considering opening an account there mainly to see if I can get any IPOs, now that E*Trade hardly gets any. Do they allocate IPOs on a random basis (once you qualify), or do they allocate based on amount of money in your account, the number of trades you make, or some other factors?

I couldn't find any other message boards anywhere where they discuss csfbdirect IPOs. Anyone know of one?

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To: Maywood who wrote (403)5/16/2001 9:33:09 PM
From: E.J. Neitz Jr
   of 406
 
First, you need $100,000 min in account. Second, the allocation is then made on trading activity and how long the account has been open. If you do get an IPO, and you flip it within a day or two, you will not get further IPO's for a few months. Also, the least attractive the IPO, the more assured you will get an allocation. The best IPO's only get a very small allocation to CSFBdirect. I have received about 3 allocations last year after indicating an interest in about 6. I flipped them and they cut me off for a few months(no notice-just suspicion). Hope that helps. Ed

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To: E.J. Neitz Jr who wrote (404)5/17/2001 3:03:38 PM
From: Maywood
   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 E*Trade 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 E*Trade.)

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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To: Maywood who wrote (405)5/17/2001 6:19:05 PM
From: E.J. Neitz Jr
   of 406
 
Maywood--the mm fund is great--Alliance Capital Management--not on web site, but can get info on the net. Its competitive. On IPO's never hear of a stated policy on holding period. All that I got, I flipped the same day. I never got less than 100 shares. Some I got 0! Overall, they have a lot of research and I like them very much overall. The only strange thing is mm fund interest. Never seems to be really received in one lump a month--it is daily over the month...seems like they are making money on the interest, but not much an issue for me, because I like the site and with the 100k, you do receive preferential treatment. They are top notch. Ed

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