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Non-Tech : Datek Brokerage $9.95 a trade
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To: Evan Dimmer who wrote (6427)1/14/1998 12:12:00 PM
From: Gorak Shep  Read Replies (1) of 16892
 
Evan, regarding shorting and upticks, it varies between the NYSE and NASDAQ. On NASDAQ, many say you can only short on an uptick. This is wrong.

For NASDAQ, if the bid is on an uptick, you can short at the bid. If the bid is on a downtick, you can short at a price ABOVE the bid assuming you can find a buyer at that price.
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