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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: vampire who wrote (90374)	3/29/2000 11:31:00 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 108040

Dude, there is a whole other world you have no idea about. The "real" day traders are licensed with the Series 7 and Series 55 (Registered Nasdaq/OTC Trader). <<wrong - OTC stocks may be shorted on downticks by anyone unless they are NASDAQ, which can't - though i believe mm's still can>> I know that, I never said otherwise. Nasdaq CANNOT be shorted on a downtick unless you can go up on a "married put." MM's DO have their Series 55 and this is how they can short the downtick.