Thanks to all who answer.
To: M.K. Borders
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)
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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