DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: cloudless who wrote (5955)	12/10/1999 7:50:00 PM
From: OZ	Read Replies (2) of 18137

Okay now I'm confused. Does it have to uptick or not??? Cloudless, Here let me say it again YOU CAN SHORT OFFER A STOCK AT ANY TIME WITHOUT WAITING FOR AN UPTICK. An uptick is required if you sell to the bid only. A NASDAQ uptick (unlike a DOW uptick) is defined as bid that increases the previous one by 1/16. But if a stock is about to tank and some sucker wants to take your offer, there is nothing stopping that. Some people say that you are creating the uptick. Technically, this is not actually true. Feels real good to get short that way too. Have had good success shorting the QCOM and BEAS that way. There is always somebody that thinks these stocks cannot go down and will take your OFFER (ASK). OZ

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