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Technology Stocks : Akamai (AKAM) -- Ignore unavailable to you. Want to Upgrade?

To: Charlie Schultz who wrote (350)	11/3/1999 1:39:00 PM
From: Voomp	Read Replies (1) \| Respond to of 695

Policies differ from brokerage to brokerage. Most disallow shorting an IPO within the first thirty dayz, to allow the original shareholders a chance to retain their investment. There's also no rule preventing the IPO investors from selling out on the first thirty dayz either. This whole scheme of things is to give an incentive to potential IPO investors a chance at a fair market. It's is very difficult to find a shop that will allow you to short a stock that their original investors have a stake in. And even if you did, you would have to ask early each morning to see if there are shares available that you can borrow against. Chances are there won't be any; institutional investors would have first dibs on them.