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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: bafi403 who wrote (25456)10/14/2000 8:29:31 PM
From: Sector Investor  Read Replies (1) of 42804
 
This appears to say you can.

"Finally, an investor may want to consider shorting a new issue, which is when an investor sells borrowed stock in hopes of buying it back at a lower price and pocketing the difference.

Shorting a hot IPO is a dangerous strategy that Smith says requires a "stomach of steel," but if timed right (wait until all the initial momentum has faded), the opportunities are large. In order to short a stock, you'll have to find shares to borrow, which isn't easy in a new issue, and you'll need a margin account at your broker.

cbs.marketwatch.com

Click on the links at the bottom for lots of additional IPO information.
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