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Non-Tech : CSFB Direct(DIR) -- Ignore unavailable to you. Want to Upgrade?


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