TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: majormember who wrote (7498)	3/7/1999 12:13:00 AM
From: shasta23	Read Replies (1) of 59879

>>When the stock is dropping and you want to sell your long position in order to expose the short position, you legally still need an uptick/upbid.<< Even if I bought the stock long at one price and sold it short 10 minutes later at a different price? What if I have two accounts, one where I short the stock, one where I go long? Surely the uptick rule couldn't apply.<< Hi SKANE! It's quiet a while back but Steve Goldman(you can scan for his name on SI and PM him) suggested the combined long/short position to be able to initiate a short position without the problems of the uptick rule. And he is the head trader with a brokerage firm (yamner.com). So i would assume it to be legal!! Stefan P.S.Just saw that David Hayes and Peter Matzke answered your question in the later posts..(HI PETER!)

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