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Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?

To: Islander99 who wrote (89)	4/30/1999 2:51:00 AM
From: Sammy Adams	Read Replies (1) \| Respond to of 353

<To short a stock, does it not have to uptick first?> Yes, this is the rule that individuals need to follow in order to short a stock. However, Market Makers do not have to follow this rule. <When this stock will be shortable, won't it first have to rise before someone can short it? > Yes, but it's not that hard to get an uptick of 1/16 unless a stock is in a free fall. Here is a quote from the Bear Tracker: "A short sale cannot occur in a stock that is falling in price. This is known as the "uptick rule" and is an SEC regulation. The rule is intended to prevent short sellers from profiting by driving down the price of an already battered stock through successive waves of sell orders." financialweb.com I don't see a "free fall" for LOAX, but I do think the price goes lower from here, IMO. Good luck.