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Strategies & Market Trends : From the Trading Desk

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To: eims2000 who wrote (4533)	5/24/1999 9:28:00 AM
From: steve goldman	Read Replies (2) of 4969

Offshore accounts - I wont address that. Please speak to your attorney. I never want to be involved in anything that even smells of impropriety. If the stock canbe borrowed, it can be shorted. The $5 or under refers to marginability of the issue. Yet, we also ensure that such activity is suitable, so ther eis no exact answer on cheap stocks that I can give. Its a case by case basis. IPOS can typically be shorted on settlement day when the clearing firm first gets wholly owned inventory as a result of trades from days' previous. Regards, Steve

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