You can buy IPO's on margin, just they are not marginable for a limited amount of time. I think 1 quarter.
What broker is allowing you to short it? I am curious how you can short an issue that has never even settled? Are you trading in an LLC that has a "Net Long" position? Settlement is Wednesday from the IPO. :eek:
I have not opened a position but it's interesting to see when support will come in....116.28 as I speak NYMEX----ugly report about how 70% of the volume was going through Globe EX and not the Floor....I wonder how this will affect long term growth numbers of this exchange....MAN CRAMER IS LOSING FOLKS A BUNDLE ON THIS ONE.....He should of never committed before the IPO about this stock.......Just 100 shares and you would be down over a grand to three.....His show probably added $15 to the premium pop on IPO day....WHAT A JOKE.... Of course I go back to get a chart and it's 117.01 $COSTAverageMAN
He said to buy, buy, buy and he did not know where it was going to open.....If you bought the open and it was routed to the NYSE you got it at 120.00....If you bought in the 1st second of trading you got it around 127.00....And if you bought in the first 15 minutes you got it around 140....If you were really unlucky you bought it around 155....If you bought in the afternoon you bought it was back around 140...If you bought the close more around 135...He told the world to buy on the 1st day of trading and then that afternoon he was shocked at where it opened and knew he was going to loose people money in the short run....Hopefully most people only put on half the position and can buy some back around 95 when it gets there....Most folks probably bought 100 shares and I imagine $14,000 positions are quite big for some of his watchers....All I'm saying Is I wish he did not pump the dam thing before the IPO.....We would have a much better idea of where the street would of opened it up at if NMX was not mentioned... Cramer makes me gobbles of money, mostly because he is late to most of his calls and he gives me a nice pop to sell at and buy back when it crumbles....Give me a TV and a major network and millions of viewer that think you are a god and I can move stocks in any direction also.....REMEMBER ITS ALL ABOUT SUPPLY/DEMAND Then he touts himself like a god....seriously it's just funny, but you have to watch to know what he will move for the next few trading days....Trust me Everynight I build the cramer watchlist for the next few days and I build a daily portfolio of all his calls in Vector Vest and track his SELL/BUY calls.....I update everyday to see his performance and weight each stock exactly the same....He is beating the market, but he has many many dogs....Been doing this for over a year now and can tell you exactly what stocks he high lighted on everyday for the last year....I know The Street does something similiar, but it cuts off after 3 months back I believe....Leaves out all those dogs from last year...Yes I know he is a trader, but I do this more for Momentum watching and not for his performance, but it does track performance... example: 1st day I started this:7/19/2005 Cramer's Bearish Calls ILMN(+166.64%) ATML(+85.33%) CME(+75.01%) BLS(+63.15%) SRP(+28.01%) CDNS(+26.46%) CSC(+12.06%) MMM(+9.00%) MCGC(+7.49%) VZ(+1.13%) JBLU(-7.97%)he got one right CVC(-9.51%)he got another one right Cramer's Bullish Calls TIE(+294.23%) LOGI(+77.12%) EXPD(+75.23%) MDRX(+63.92%) HXM(+61.32%) BRE(+46.94%) NGPS(+32.26%) POOL(+12.13%) SGP(+9.25%) APA(+3.82%) LSI(+1.14%) IP(+1.02%) PETC(BOUGHT OUT) GKIS(-5.09) TUNE(-29.53%) ELOS(-39.11%) WCI(-48.14%) OHB(-48.55%) I Know the times have changed and the momentum has switched, but I got a list like this for everyday from 7/19/05....You see now why people fade him!!!! Yes I do taking investing very seriously!!!! $COSTAverageMAN
Buy, buy, buy? I think not: Mad Money 11/14/06 This deal is "hugely popular" and "massively oversubscribed," which means everyone wants a piece of it, he said. In fact, the Nymex increased the size of the IPO because it is so in demand. This is the one Cramer said he wants people in. If it opens up 25 points higher than the IPO is to be priced, he said he believes it's still a buy and if it opens up 15 points higher, he suggested buying double. Use limit orders and don't buy it all at once, Cramer reminded viewers. This is a stock he said he wants people to get in and "ride it much higher." 11/17/2006 2:55 PM EST Jim Cramer's Stop Trading! Wait on Nymex Cramer said the rally in shares of the commodities exchange -- which fetched $140 Friday afternoon following Thursday evening's above-range pricing at $59 -- is "not a return to the dot-coms." Still, he cautioned investors to "let it come in" and buy the stock in the range of $110-$120.