SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : From the Trading Desk
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: steve goldman who wrote (4547)6/3/1999 3:48:00 PM
From: Peter V  Read Replies (2) of 4969
 
Question about shorting, particularly on the AMEX. I tried to short a stock with a limit order, and the bid came up and hit the limit but the trade did not fill. The broker's explanation was that the uptick has to be on the AMEX, as well as an uptick from the last PRINT on the Amex. THe last bid print at the AMEX was 14 1/4 on a downtick, but the lower bid number was from the secondary market.

Question: in order to uptick, does the lower bid have to print on the Amex, or can it just move from the lower bid to a higher bid if both are on the Amex? I'm kind of ticked because I put in a market order for two hours without a fill, and I saw the bid on the Amex go from 14 1/8 to 14 3/16 without a fill, so I was wondering if it actually had to print at that lower bid before you could get an uptick for shorting.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News