Your question makes little sense in English. Nobody wants to search through 500 jumbled and disconnected words and bad grammar to try and find the question.
By entering a short sale order with a price above the current bid, a short seller ensures that his or her order is filled on an uptick.
Investopedia explains 'Uptick Rule'
The SEC eliminated the rule on July 6, 2007
http://www.investopedia.com/terms/u/upti...
http://en.wikipedia.org/wiki/Uptick_rule
I am reposting the following message because it was overlooked (not answered by anyone) and deleted:
Regarding Uptick rule I know its meaning is that in order window, I need to manually define the price for which I want to borrow the stocks. This price must be at least $0.01 ABOVE the current BID price showed in the same order window on trading platform. If price I define isn't above the current BID price then borrowing of stocks won't be executed. This is all understandable but there is one subject I don't understand: on some online sources I have read that along said requirement, there is alternative requirement too and if this alternative requirement is met then first one I described does NOT (!!!) need to be met and borrowing (shorting) will be still successfully done. Alternative requirement is: Current BID price must increase at least $0,01 AFTER (no matter when, microsecond or few days and no matter FROM/TO which price) i already type my chosen price and AFTER i already confirm the order of borrowing. I don't remember anymore the webpage link where I saw this but Im in doubts because I found this alternative requirement on only one place, not being trustworthy at all. So my question is obvious: I am 99% sure main requirement for stocks being on USA market is correct but I am asking is this alternative requirement really true and if that is met the first/main requirement (my defined price being at least $0.01 above the current BID price at the time of confirming the order - if not true, order will be executed once it IS true) doesn't even need to be met? To clarify myself: First main requirement is probably understandable. Alternative one I am asking whether or not it is true: after I already make an order of shorting, is it enough (for execution of shorting) that current BID price increases for at least $0,01 or is this completely wrong which means only first requirement is related to Uptick rule? I would appreciate a lot simple and direct answer: whether or not alternative requirement is valid or made up incorrect story.
