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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: wily who wrote (2196)11/22/1998 11:20:00 PM
From: Rick Faurot  Read Replies (1) | Respond to of 7382
 
IPOs are not shortable on the day they open. Don't know how long after that until they are shortable.

R



To: wily who wrote (2196)11/23/1998 12:01:00 AM
From: Colin Cody  Respond to of 7382
 
wily, An IPO (not a secondary offering but an IPO) is generally NOT Marginable for 30 days. As such shares are not borrowable until people put it in their margin accounts, and as a result you may not sell the stock short until at least the first 30 days have passed.

Colin



To: wily who wrote (2196)11/23/1998 12:23:00 AM
From: Steven Wexler  Respond to of 7382
 
I may be inaccurate, and hope I'm not, but I believe the article is
talking about the market makers going short to provide the necessary
liquidity. Definitely not individual investors.