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Peter2150@xxxxxxx wrote:
>
> In a message dated 97-07-07 22:02:24 EDT, money4u@xxxxxxxxx (James Charles)
> writes:
>
> > When you sell short, does it have to be on an uptick, or can it be on a
> > zero tick? If you can short on a zero tick, then you can short at the
> > low of the day.
>
> Last time I asked about this and this was about 5 years ago what was told was
> as follows:
>
> It has to be an uptick. Also you stand in line with orders to short the
> stock. Worst part is if the next short is yours and there is an uptick, but a
> regular sell order comes in, it takes precedence over your short, and if that
> sales causes a down tick you have to wait for the next up tick.
>
> If someone else has more recent info ....
Peter: thats is correct, i had that happen with LU a while back on a
market order 10 minuates after the open. 45 minuates later i get filled,
this is an issue that averages 160million shares a day, first time it
has happened too, i shorted it alot untill then , now i use a limit
order, takes precedence over market orders, craig
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