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

To: Colin Cody who wrote (37846)	6/6/1999 10:52:00 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 122087

No time for a twist. Mr. Goldman never stated, unlike you, that IPOs can't be shorted within the first 30 trading days. Fact is that stocks can be shorted after 3 days generally, if not earlier. ... and that's what S.Goldman did mention. And additionally, in the recent edition of the "Risk Magazine", there is a nice article about "managing the IPO risk". Shorting stock in higher trading IPOs by the houses is cited, along with the statement that the underwriter's option (the greenshoe) provides some additional shelter in connection with shorting: "If... a stock hits a high price, we must short it to the customer because we have no inventory, and, if after a certain time, the stock still trades up, we execute the 'greenshoe', otherwise, we buy the stock at the market" nuff said. Just get you a copy of the Risk Magazine and read yourself what you don't believe. Not too many people give a rat's ass what can be margined or not. Note that all the stocks come too the market as fully marginable, non assessable stocks.....