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To: Esteban who wrote (12292)	5/26/1999 7:08:00 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 16892

They won't adjust short sales however, always contending that shorts have no priority, which is not strictly true. I think, S. Goldman from the Trading Desk thread outlined the difficulties in shorting listed stocks. According to him, a short sale has least priority in a price slot and ranges at the end of the order queue. #reply-7936421 "Your short order becomes a dynamically changing limit order, with the worst position on the offer, without having to be displayed. Thus, while it might open at 1/2, that was a down tick (note that on listed it goes by ticks, (even harder) than bids.)...ie on nasdaq you can hit a bid, on nyse you can almost never hit a bit for a short....nyse shorts are even more difficult that OTC. " And if you have a market short sell there (or one with a sufficient low limit), it may take awhile until you get an execution as the price must uptick to fill your order, which can be difficult in fast falling stocks. So it is not even aligned to the best ask if that is not higher than the sale price.