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

To: SteveDavis who wrote (2936)	12/21/1998 11:24:00 PM
From: Kimberly Lee	Read Replies (1) \| Respond to of 7382

Usually an IPO is not marginable within 30 days. However, even beyond the first 30 days, individual clearing firms and brokerage houses can impose additional margin restriction as they deem fit, as in the case of many Internet stocks. During the quiet period (usually within 25, 26 days of the IPO), an analyst directly affiliated with the underwriters may not publish opinion on the stock. Analysts with other firms are free to issue opinions as they see fit with no time restrictions (Mary Meeker of MSCO issued Buy rating on EBAY on the day of its IPO, for instance).