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maitri

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maitri

Re: GLENO34 post# 21062

Wednesday, 05/23/2012 6:15:38 PM

Wednesday, May 23, 2012 6:15:38 PM

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Gleno,

As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. On the other hand, institutional and retail investors can lend out their shares to investors who want to short them.

Read more: http://www.investopedia.com/ask/answers/05/062905.asp#ixzz1vjXZPAXw

I picked some in the morning. May not hold too long...
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