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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: dj8000 who wrote (3591)12/3/1998 2:24:00 AM
From: Ira Player  Read Replies (1) | Respond to of 43080
 
The intent of the uptick rule is to protect a stock that is declining from being attacked by short sellers.

Since short sellers can only sell when there is an uptick, they are kept out of any steady declines. They cannot enter until the stock has stabilized and there is sufficient buying interest to generate an uptick.

If you are Long and Short at the same time, you are flat the market. By selling the long position, you are going short. Since there is no reason to be Long and Short other than to get around the uptick rule, netting all accounts is aimed at leveling the field.

Ira



To: dj8000 who wrote (3591)12/3/1998 9:52:00 AM
From: AlienTech  Respond to of 43080
 
>>since i can always long and short at different time, why can't i do it at the same time? <<

How about you buy a million shares of Amen then short a million as the price is going up. Then you sell the million you are long at market, What happens?


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