$VXRT Open for correction. SSR an SSR does not mean the stock cannot be shorted. An SSR, or uptick rule means the stock can still be shorted if the stock goes up, even by 1cent, it can then be shorted. It cannot be shorted if the prior order was a drop by 1 cent, a downtick. 1 1 1 2 < ok short 2 2 2 2 no short 2 2 2 1 no short Shorts can happen on an uptick. Shorts will happen on an uptick. Dont be fooled thinking everything can only go up. The way shorts get around the rule, buy one share high by 1 cent, sell 1000 short.
3
9
9 Likes