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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (5972)	12/11/1999 11:46:00 AM
From: cloudless	Read Replies (1) \| Respond to of 18137

You want to short WXYZ, and the inside has just dropped from 10 1/8 x 3/16 to 10 1/16 x 3/16. You can't sell short at 10 1/16, because it's a downtick. However, you may enter a limit order of 10 1/8, which will change the inside to 10 1/16 x 10 1/8. Barb, as you may have surmised I am fairly new to trading and have no experience with selling short. I appreciate your (and everyone else's) response. If anyone knows of resources to learn more specifically regarding short strategies/methods/legalities please let me know. Thanks, Cloudless

To: Mama Bear who wrote (5972)	12/11/1999 5:51:00 PM
From: fftrader	Read Replies (1) \| Respond to of 18137

Mama Bear,I believe your example is a bit incorrect. <You want to short WXYZ, and the inside has just dropped from 10 1/8 x3/16 to 10 1/16x3/16. You can't sell short at 10 1/16, because its a downtick. However, you may enter a limit order of 10 1/8, which will change the inside to 10 1/16 x 1/8.> As you are trying to sell(short) the stock this is represented on the bid side not on the ask therefore the inside would change to 10 1/8x3/16 not 10 1/16 x 1/8. As your new offer to sell at 10 1/8 is higher than other offers to sell at 10 1/16, this (10 1/8) becomes the new inside bid. ff