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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (12293)	5/26/1999 7:42:00 PM
From: Esteban	Respond to of 16892

Yes, the downtick rule on NYSE brings up complicated situations were it's difficult to know whether or not you should have priority. But I've had cases where my limit to sell short would be an uptick, but is a better price than the current ask. Like 50 bid, 50 1/4 ask, 50 last price. My offer at 50 3/16 is usually represented, but sometimes not. Then there are fills at 50 3/16 even though there are no shares offered there. (Except my invisible short sale.) I think I should be filled in this case. But I'm not positive. Could it be that there actually has to be an uptick in last price before a short sale can be represented, even though the short sale would cause an uptick. Arguing with Datek on this point is futile. They think I can be represented as the only offer, and then jumped over by a standard sell order that comes in later, and I know that's not true. Thanks for link to short selling discussion. Esteban