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

To: Colin Cody who wrote (37839)	6/6/1999 9:06:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 122087

the-earchives.com Barb

To: Colin Cody who wrote (37839)	6/6/1999 10:25:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 122087

Colin Cody.... you can insist as much as you want (in your opinion that there are no shorts in IPOs within the first 30 trading days....) but here is an answer of one who must know it, #reply-7881484 Shorting IPOs. IPOs may be shorted as soon as the clearing firm has a position which is hypothecated by the client. In my experience, while a firm could theoretically have such a position on the first day the stock comes to market, I have rarely ever seen this. Typically, the position becomes available on settlement day, when positions of the clearing firms' clients settle. At that moment, the clearing firm, holding the clients' stock in street name, now has settled securities. Thus, if a stock comes to market on Tuesday, the clearing firm may have settled positions in the stock on Friday. Friday would probably be the first day the stock can be borrowed and thus shorted. The exception would be larger firms which have inventory from clients who received the stock as a result of the IPO. That is they received the shares ahead of it coming to market as part of the IPO. Syndicate members though must 30 days to short the position. is.com