Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (1876)	10/29/1998 10:33:00 AM
From: Wayne Rumball	Read Replies (2) \| Respond to of 12872

Not sure, rules are different for me here, I have to short on an uptick ie above the bid. Just put in an order for 500 ITVU at 8 3/4

To: musicguy who wrote (1876)	10/29/1998 12:01:00 PM
From: Larry Voyles	Read Replies (2) \| Respond to of 12872

Rules, rules, rules: Rules for shorting stocks. Cut n' Pasted from somewhere on E-Trade's website: A sell short order for any listed (exchange traded) security can be executed only on an uptick or zero-plus tick. This means that for a short sell order to be executed, the price of the last transaction on the primary exchange must be higher than the price of the previous transaction, or equal to the price of the last higher transaction. For example, if trades are executed sequentially at $51, $52, and $52, a short sale may be executed on the first trade at $52 (the uptick) or the second trade at $52 (a zero-plus tick). For Nasdaq stocks, a short sale will be executed only if the trade can be done at a price higher than the previous different price. Stock must also be a marginable security >=$5 for us poor old American investors. I've never shorted an OTC stock, so I don't know if the rules are different there. Certainly much more risky with the 2nd-rate MMs trying to kill you in those markets. Canadians can pretty much short the hell out of whatever they want. I'm checking in from my desk while I stuff a McBurger down my craw, then it's back for more meetings. Whee!