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Monday, May 27, 2019 2:35:46 PM
Short Selling Becomes Legitimate. The SEC adopted Rule 10a-1in 1937, also known as the uptick rule, which stated market participants could legally sell short shares of stock only if it occurred on a price uptick from the previous sale. Short sales on down ticks (with some narrow exceptions) were forbidden.
They are suppose to make it go up not down.
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