Forum Archive Index - July 2002

["Kiwi" <Kiwi@Pitstock.com>]

SEC And NASD Uptick Rules

A short sell order can be executed only on an uptick or zero-plus tick. For
listed stocks, this means that for a short sell order to be executed, the
price of the last transaction must be higher than the price of the previous
transaction, or equal to the price of the last higher transaction. For
example, if trades are executed sequentially at $51, $52, and $52, a short
sale may be executed on the first trade at $52 (the uptick) or the second
trade at $52 (a zero-plus tick). For NASDAQ stocks, a short sale will be
executed only if the trade can be done at a price higher than the previous
bid price

----- Original Message -----
From: "John Wedde" <John.Wedde@weltec.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, July 10, 2002 7:08 PM
Subject: Re: [sharechat] Shorting Stocks


> Kiwi,
> I know the logistics of shorting but, as a fundamentalist, I'm not sure
> of what you mean by an "uptick". Could you clarify?
> cheers,
> John



----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/