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Pastimes : Humangs Against Gravity!!!
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To: Hoatzin who wrote (67)10/4/2001 9:37:05 PM
From: Patrick Slevin  Read Replies (1) of 142
 
I have not sold short in quite a long time Kevin, but I know it's clear that it's a short sale. You have to declare it merely because (aside from the Index Stocks like the Spyders) you may only short on an uptick.

But whether or not the person who executes the trade for you actually tabulates it electronically as a short sale right away is something I do not know. I have not been in a trading room in 6 years; back then it was done on paper.

That is to say, you made the trade by phone or Instinet or Level III and the record was written on a ticket. Those tickets could still be waiting for database entry for all I know.
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