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Strategies & Market Trends : From the Trading Desk

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To: Dave Shares who wrote (4278)	2/27/1999 3:30:00 PM
From: steve goldman	Read Replies (1) of 4969

It must adhere to the uptick rule...thus if stock closes at 31 1/2 and opens at 31 9/16, you MAY get filled there...there might not be enough pressure to fill your order at 9/16, so you may be partially complete or entirely filled, or none at all..because with a 31 1/2 close, your preopen market short becomes a limit order to sell at 31 9/16 or better...assume that the 1/2 close was a downtick. Often, i will see someone get partially filled when it only open a 1/16 higher than prior close,assuming prior was downtick....rarely do I see gaps more than a teeny NOT clean up a short market order. Regards, Steve@yamner.com

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