Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (37472)	6/2/1999 11:23:00 AM
From: Colin Cody	Read Replies (4) of 122087

As a MM perhaps you aren't versed in retail buyside. Generally an IPO is restricted from being purchased and held in a type 2 account. Generally to short a stock, one needs to borrow shares to short, and the most liquid place to obtain shares for shorting is via the hypothication agreements with type 2 accounts a/k/a/ margin accounts. Since there are virtually no IPO shares held in type 2 accounts for 30 days, there is virtually no shorting of IPO shares during this period. Telling retail accounts to call your attorney to bully their retail broker is a waste of their time, IMO.

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