Sunday, April 26, 2020 5:01:34 PM
After that it has been an occasional blood-bath...
The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
The uptick rule is a trading restriction that states that short selling a stock is only allowed on an uptick. Short sales were not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions." The rule went into effect in 1938 and was removed when Rule 201 Regulation SHO became effective in 2007.
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