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Wednesday, 03/29/2017 5:30:40 AM

Wednesday, March 29, 2017 5:30:40 AM

Post# of 1325
SCON Triggered the Nasdaq Short Sale Circuit Breaker 03/28/2017!

SCON 6th on the list

For those who do not know that that is, read below...

Rule 201 includes the following features:
•Short Sale-Related Circuit Breaker: The circuit breaker would be triggered for a security any day in which the price declines by 10 percent or more from the prior day’s closing price.
•Duration of Price Test Restriction: Once the circuit breaker has been triggered, the alternative uptick rule would apply to short sale orders in that security for the remainder of the day as well as the following day.

Example: If a stock closed at $100/share on Monday, the "circuit breaker" would be triggered if the stock traded at or below $90/share during Tuesday's session. Short-selling would be disallowed until the start of trading on Thursday unless the short-sell price is above the national best bid, i.e. on an uptick.



Cry Havoc and let loose the Trades of War!
Volume:
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Last Trade Time:
Total Trades:
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  • 6M
  • 1Y
  • 5Y
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