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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)
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To: Van Nguyen who wrote (395)9/10/1999 2:55:00 PM
From: Boquacious  Read Replies (2) of 516
 
Your head must be as thick as Steve Host. Listen carefully--THERE IS NO PROHIBITION AGAINST SHORTING IPOs. None whatsoever. If you doubt me--call a broker who knows --call Yamner in NJ. It takes them about 3 days after the IPO to have the shares a Pershing. I have shorted this 4 times now. It is very easy to do. So wake up and quit saying that it is not marginable. (If you can't short--then it's your broker--if you want to short--get another and for god's sake--don't use Steve Host as your broker.

By SUSAN PULLIAM
Staff Reporter of THE WALL STREET JOURNAL

" Investors are allowed, for instance, to short IPOs if the broker is able to locate shares to lend through the firm's clearing agent. In many cases, Wall Street firms make shares of a newly minted IPO available for shorting to smaller brokerage houses by buying the shares in the open market and making them available for borrowing to customers in short sales."
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