or you can do naked shorts on E Trade,, simply by selling .. and later buying ,, with ,, 3 days ,,....
Bad advice........
SEC and NYSE Uptick Rule
A sell short order for any listed (exchange traded) security can be executed only on an
uptick or zero-plus tick. This means that for a short sell order to be executed, the price of
the last transaction on the primary exchange must be higher than the price of the
previous transaction, or equal to the price of the last higher transaction. For example, if
trades are executed sequentially at $51, $52, and $52, a short sale may be executed on
the first trade at $52 (the uptick) or the second trade at $52 (a zero-plus tick). These rules
are designed to keep investors from shorting a stock that is already falling thereby
accelerating its downward spiral even more.
For Nasdaq stocks, a short sale will be executed only if the trade can be done at a price
higher than the previous different price.
Short sale orders are triggered only on primary market prices for listed securities.
Short Sale Requirements
You must have a margin account. Please see The Margin Account.
E*TRADE must be able to borrow the shares for you in the first place.
The security being sold short must be a marginable security valued at $5 or
more per share.
The trade can be executed only after an uptick (or zero-plus tick for listed stocks).
Short positions are subjec
|
