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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: steve goldman who wrote (12159)2/17/1999 9:11:00 PM
From: Anthony@Pacific  Respond to of 122087
 
Thanks Steve,,you also should note that US market makers and the Proprietary Firms wholessaling an IPO in the after market can also effect short sales and are exmpt from the borrow requirements..These rules obviously are for US accounts and there are countries that have no restriction on shorting certain issues..

Please due your own due -dili..we also kknow that some of the Bigger firms also allow interday shorting of an IPO ..But they want you flat by Days end..which in my opinion explains the little run-up on the close on MTEX



To: steve goldman who wrote (12159)2/17/1999 9:14:00 PM
From: jlib  Read Replies (2) | Respond to of 122087
 
Thanks for the detailed info you have been giving us.

While on that subject, can you comment on the statement that "IPOs can't be shorted for 30 days (in U.S.)?" Is the actual problem that they can't be margined for 30 days and unshortability is more a policy of a particular broker/clearinghouse due to the margin connection rather than any SEC regulation? Is this correct?

Best,
Jimmy Liberato