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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: alan hardy who wrote (1547)	4/11/1999 5:40:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 1729

When you're making a bid you're offering to buy. So if you did that and you shorted against your own bid, you would have both a long and short position. What you are talking about is shorting against the box (when you already have a long position). All you're doing in that case is borrowing your own shares for the short position (it has nothing to do with creating an uptick). Once you have a boxed position, the uptick rule still applies when selling your long position (to effectively go short). There's no problem bidding above or offering below an MM. ...tai