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Technology Stocks : Juniper Networks - JNPR

JNPR 39.95

0.0%

Jul 2 5:00 PM EST

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To: KENNETH DOAN who wrote (450)	8/2/1999 6:13:00 PM
From: Don Pueblo	Read Replies (2) of 3350

Kenneth, I want to thank you. I was wrong. There USED to be a "rule" about shorting an IPO at most firms, (I will find out the details tomorrow during market hours and get back to you with the exact specifics) it was that you could not short an IPO for thirty days after the IPO came out. I just called somebody who knows more than I do. (Not a hard thing to do in this particular case) There is no such rule now. As long as the shares are available to borrow at your clearing firm, you can short an IPO on Day Two. Additionally, JNPR has been trading for over thirty days anyway. I was wrong. Totally, undeniably, horribly wrong. I feel bad. I was going to kill myself by taking a huge bottle of aspirin, but I took two and I felt much better. Please accept my humble apologies, I will have that post deleted because it is WRONG. Thanks for calling me on it. TLC

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