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Non-Tech : MB TRADING
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To: wily who wrote (2196)11/23/1998 12:01:00 AM
From: Colin Cody   of 7382
 
wily, An IPO (not a secondary offering but an IPO) is generally NOT Marginable for 30 days. As such shares are not borrowable until people put it in their margin accounts, and as a result you may not sell the stock short until at least the first 30 days have passed.

Colin
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