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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: BILL G. WRIGHT who wrote (1146)6/20/1998 12:58:00 AM
From: Steven Ivanyi  Read Replies (2) of 2120
 
To short a stock on Nasdaq you must have an uptick sale, at which point you can sell at the last price bid or offer, or higher. For example a stock is bid 10 - 10 1/16 ask and the last trade at 10 was an uptick you can sell the bid. If the last uptick price is 10 1/16 then you can offer at that price or higher.
It's a little different from going long but once you get the hang of it it's not hard at all.
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