Depends upon who is the who here. If you can borrow the shares, you can sell them short. On an IPO initially all sold shares are sold long usually into the underwriter's stabilization. The underwriters are not inclined to allow these shares to be segregated, since they don't want to have to overly commit to stabilize. There are local restrictions on the short sales of new issues depending upon many criteria. I can assure you that no sane fund manager would attempt to hedge a long position in MRVC with a short. if executable, in EXTR. That isn't even a hedge, but it would have been extremely poor given the hysteria about such IPOs.
Look, this guy roktar is a clown. To make a claim like that depends upon knowing client information. No firm would reveal that kind of info to the fool public. They could be sued for malpractice.
The move was caused by the news, MetroEdge, NAC, OSR8000, Nbase-Xyplex CWDM. you know the story, and the recognition that this company could go on a helluva tear. By the way the development of prospects here isn't dependent on what management will do. Management has already made its move. Now it's a matter of whether buyers like the products and whether they live up to the price/performance benchmark claimed by the company.
I guess I don't have to preach the added value of a complete, new, and efficient solution. What vendor has all that in its bag and trades for a song? The company has re-invented itself so we have a new bird flying. The tech sector looks like it is about to drop off a cliff, but companies like MRVC though they get pushed around a bit, could be terrific performers even as the bear growls. |
