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Technology Stocks : MPPP - MP3.com -- Ignore unavailable to you. Want to Upgrade?

To: HungryMan who wrote (224)	7/20/1999 12:36:00 PM
From: vagabond	Read Replies (2) \| Respond to of 1116

The re-selling rules aren't imposed by the stock-company, but by BROKERS -- so you'd have to check with yours, as to their policies. Most don't actually FORBID you from re-selling IPO shares within 30 days -- but most try to discourage it by saying that if you do that they'll refuse to let you take-part in any FUTURE IPO's for s certain period (six months seems pretty common -- that's Schwab's policy, for instance). I've also HEARD that if someone tries to "flip" IPO shares on the first day of trading, and/or anytime before their account is actually debited for the initial IPO purchase, the broker may simply "withdraw" the IPO shares from a customer's account and "give them the money back." But I don't know about that for a fact -- seems like an odd idea to me, but might be possible. The bottom line is, ask your own broker... Vagabond