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.
Non-Tech : CyBerCorp.com -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (302)2/22/2000 9:28:00 PM
From: westchester_snowboarder  Read Replies (1) | Respond to of 1001
 
Re: Does Cyber permit shorting pre/post market?

Theoretically, yes Cyber allows this. However, there
have been practical constraints on this. In version 1.7,
which many of cyber's customers still use, shorting is
not always possible. These situations occur when you try
to short below a market makers seemingly active (but in
fact stale) bid. You then receive the 'must short 1/16
over inside bid' error message. Cyber has blamed this
problem in the past on the quote feed (hmmmmm...), and
I believe they say that in version 2.0 this will not
happen. [Of course, that assumes that you dont run on
multiple monitors as many of us using 2 or more monitors
still use 1.7 so we can float the applications freely]



To: E. Davies who wrote (302)2/23/2000 1:27:00 PM
From: WryBoy  Read Replies (1) | Respond to of 1001
 
I believe the uptick rule is alive and well at all times. If the software is allowing you
to short stock at a bid below the last sale, something is wrong it seems to me.

I know you can short certain ADR's without an uptick, e.g. SPY, DIA and QQQ,
but the notion that the SEC permits equity short sales without an uptick during pre-
and post-market hours I have never heard before.

That does not preclude the distinct possibility that I am simply misinformed.

WB


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