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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Puck who wrote (78013)3/17/2000 11:19:00 AM
From: Knighty Tin  Respond to of 132070
 
Puck, Not only is it not illegal, but the bankers use short sales regularly to "normalize" the price. Or, at least they did back in the days when they cared about their customers.

However, it is extremely hard to borrow IPO stock, if not impossible. It is generally not sitting in the brokers' vaults and ready to be leant out.