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Non-Tech : Invest / LTD
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To: drsvelte who wrote (8923)6/12/1999 11:39:00 AM
From: SJS  Read Replies (2) of 14427
 
I agree with Doc, Thean. Cash. At the retail level, in particular. Also.........two other things to think about:

1) Many houses will put the fear of God in you that if you sell this within a specified period directly after the IPO starts trading (called "flipping"), they will potentially revoke your ability to participate in future IPOs. This period usually ranges from 3 days to 1 month, with a mode of 2 weeks. Make sure you know your obligation for holding the IPO stock with Waterhouse

2) Typically, the IPO stock will not become marginable until 30 days after the IPO starts trading. Only then can you buy more on margin, or short it the stock in the open market.

Hope this helps.

Steve
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