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Technology Stocks : CustomTracks Corporation (CUST)
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To: Mike M who wrote (727)6/10/1999 3:09:00 PM
From: Fast Eddie  Read Replies (1) of 2514
 
Mike, IPO can not be bought on margin for first 30 days. You can however purchase in type-1 cash and then move to t-2 margin (fully paid for) on settlement day. Shares to short must be borrowed from a margin account. This makes IPO shares scarce the first 30 days but not impossible to get. I've shorted IPO's on t+3 many times. And very profitably I might add.
1/2Fast Eddie
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