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Non-Tech : Waterhouse Securities -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (1380)	6/13/1999 3:25:00 PM
From: Todd N	Read Replies (1) \| Respond to of 2076

Barb, how soon can you short after the IPO at WH? Is that the 3 day rule you mentioned? I should call on Mon. to find out for sure. I got a margin call on my account a couple weeks ago when a daytrade on a recent(about 3 wks old) IPO turned into an overnight hold due to webbroker crashing in the last 10 minutes of the day, and I couldn't place my sell order. I should've had PLENTY of margin room if it were marginable, but the only explantation I could come up with was that is wasn't marginable yet. Like I said, I don't know for sure, as I don't daytrade IPOs very often, and have never asked them before. I've heard other brokerages have a 30 day rule on margining IPOS. A lot of money has been made by shorters of IPOs recently.