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Thanks to all who answer.
1 posted on 03/10/2009 4:36:26 PM PDT by M.K. Borders
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To: M.K. Borders

http://en.wikipedia.org/wiki/Uptick_rule


2 posted on 03/10/2009 4:37:23 PM PDT by packrat35 (You could make a fortune as a politician if you have the moral standards of a convicted pedophile)
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To: M.K. Borders
I'll give it a go. The "uptick" rule was instituted to prevent "piling on" a stock and driving its price down as more and more "shorters" sell. The rule says that when shorting a stock the sale must be at a price higher than the last sale executed. This means that the sale is executed when the stock price is on the way back up.
3 posted on 03/10/2009 4:54:28 PM PDT by 50mm (My respect for zero has reached zero)
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