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<p>[QUOTE=&quot;masterswimmer, post: 25947458, member: 102022&quot;]I can attest to this, first hand. What happened? Here&#039;s the lowdown.</p><p><br /></p><p>I had a good friend who worked for a large brokerage back in the late 1980&#039;s through early 2000&#039;s. He was a higher ranking officer. Remember, the &#039;90&#039;s-2000&#039;s were the heyday for high tech IPO&#039;s.</p><p><br /></p><p>I&#039;d asked him numerous times to hook me up with an IPO. He would constantly tell me there were only 4 maybe 5 or 6 brokerage firms that were the market makers for any one specific IPO. When the shares were allocated to each brokerage house they were then distributed to each broker within each firm. Most times each broker would get maybe 50 shares. Those minimal amount of shares needed to be doled out wisely to that brokers best clients as a &#039;gift&#039; for keeping their millions with them. So I wasn&#039;t on the priority list, by a longshot.</p><p><br /></p><p>One day, in 2000 he calls me and says he is offering me a one time &#039;gift&#039;. Honestly, I can&#039;t even remember the name of the company. He allocated his 50 shares of xyz co. for me. The stock IPO price was $17/share. The total &#039;cost&#039; to me was $850. I put the word cost in parenthesis for a very good reason. I&#039;ll explain in a moment.</p><p><br /></p><p>The stock opened trading in the $60 range. It immediately climbed to $75 and he dumped it, all in my name. I had zero input on any of it. The shares sold within 10 minutes of me owning them, for $3,750. About one week later I received a check in the mail for the gain of $2,900. I never shelled out the &#039;cost&#039; of $850 in the first place. The only transaction was me receiving the check for the gain.</p><p><br /></p><p>It was that day when I learned that money makes money.[/QUOTE]</p><p><br /></p>

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