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Technology Stocks : TouchStone S/W (TSSW) -- Ignore unavailable to you. Want to Upgrade?

To: David Alan Cook who wrote (3193)	3/24/2000 3:52:00 PM
From: robbie_nw	Read Replies (2) \| Respond to of 3627

Dave - TSSW cannot hedge their IPO positions by shorting the stock. An insider with restricted IPO holdings cannot short against their holdings. You and I can short an IPO if we can find the shares...but an insider with restricted shares cannot. The best TSSW could do is attempt to hedge by shorting a company in same industry...and hope that it moves in tandem. Not realistic imo. Stock gains ain't gains till their cashed in....a big issue for insiders with restricted shares.