Anthony @ Equity Investigations, Dear Anthony, Message Board

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

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To: Colin Cody who wrote (37516)	6/3/1999 12:48:00 AM
From: mchip	Read Replies (1) of 122087

Colin, You indirectly answered the question of how IPO's can be shorted in the US. You stated <<But in the U.S.A. unless the IPO shares have been hypothicated they can not generally, legally be lent out to a shorter to borrow (for the first 30 days).>> Then you agreed with Steve from Yamner post #reply-7881484. <<IPOs may be shorted as soon as the clearing firm has a position which is hypothecated by the client.>> What happens to all the shares SOLD on IPO day? They are bought and most likely put in margin accounts (“hypothecated”). So when these shares are settled after 3 days they can be borrowed. The shares are out there…

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