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To: ild who wrote (264406)	10/23/2003 12:13:09 PM
From: John	Respond to of 436258

A uniform short sale price test, Rule 201, applicable to exchange-listed and Nasdaq NMS securities, wherever traded, that would restrict all short sales to a price above the consolidated best bid Which means the criminals will have an even easier time swindling you. Organized crime strikes again. John

To: ild who wrote (264406)	10/23/2003 1:22:28 PM
From: Perspective	Respond to of 436258

<A uniform short sale price test, Rule 201, applicable to exchange-listed and Nasdaq NMS securities, wherever traded, that would restrict all short sales to a price above the consolidated best bid> What the hell does that mean? Waiting for an uptick is no longer good enough? You must wait for someone to step above the bid to take your order? Guess that's not that bad - you don't have to wait for an uptick if your trade produces the uptick. But, it basically means that short sales can only hit market buys. What the hell happens if the market crosses above your limit short sell price? Then any sale would take place at the best bid, but this rule prevents that? WTF? Why don't they put stupid rules like this to curb the real problem - opportunistic buying, not shorting... BC