RE:RE:RE:RE:RE:RE:$5.10? Wow lolThere currently is no uptick rule for Venture or any Canadian exchange, I'm reasonably certain you and your cohorts already know this, not even sure why I'm biting, one of those days I guess.
stay safe!
fdfd12 wrote: Exactly that is why SHORTERS can't not drive price down by using MARKET orders
sandysouci wrote: I've always heard that you can only enter a short sell order "on an uptick" -- ie., at a price HIGHER than the most recent trade...
this prevents shorters from being able to create a drop on demand (which they easily could without the rule)
fdfd12 wrote: My question is, can a SHORTER press MARKET to short a stock?
I believe that if the current price is $5.40, they have to put a limit of $5.41 or higher to short a stock.
Anyone know this?
MaxlRose wrote: fdfd12 wrote: You can't drive the price down by shorting (from my experience)
Meaning, you can't go short and press the submit button on MARKET to drive the price down.
You have to put a limit order for your short and have to put it above the current last price.
Anyone know about this?
macallan25 wrote: Shorters having a field day. Enter Peter @ 230pm est?
Shorter are able to drive the price down, as much as a buyer is able to drive the price up. Here in Canada, our lack of regulation seems to make naked shorting possible. Naked shorting is when the broker doesnt own the share he lend to the shorter. One thing is for sure, shorter must cover, they have to buy back all the share they sold short. So in the end, the trend is still intact, and give people cheap shares. BUT , It also create panic and trigger stop loss amplifying the downtrend. Nothing wrong with that, longs can add here, and its technically the best time to do so.
LONG PYR, remember Peter love the shorters and their rocketfuel utility :)