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To: accountclosed who wrote (24996)	3/12/1999 4:23:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

<<is there a time related lifting of the uptick rule? for specialists? or whom? >> Short-short rule is (was) for large funds who were restricted to sell within 90 days (I think) period of acquring a stock. Of course, exceptions could be made. If you are MF manager and bought MU today, you would have been restricted in selling it in that period. They changed that law effective Fall of 1997. Earlier, if you were to paint the tape by buying some puny no of shares at the close to mask your day long selling, you would have to hold the new buys for at least that period. Now, you can turnaround and sell your new buy tomorrow. (I am not very sure how it really worked. MB used to explain it in detail you better ask him.)