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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (3707)	9/18/1999 9:47:00 PM
From: Pallisard	Read Replies (1) \| Respond to of 10293

Nevertheless Bill, it's a sticky issue. G Are you still short Valence, just curious?

To: Bill Wexler who wrote (3707)	9/18/1999 11:07:00 PM
From: Michael	Respond to of 10293

<Traders who want to sell shares short are allowed to do so only when the stock's most recent transaction took place at a price the same as or higher than its previous trade. This is called the uptick rule, and was instituted to protect stocks from being manipulated downward by relentless short-selling. In after-hours trading, however, there is no consolidated record of trades taking place among the disparate firms and markets. So traders say short sales are very likely taking place even when a stock is dropping in price.> nytimes.com