The uptick rule

There are suggestions, meanwhile, that the US will reimpose the "uptick" rule, abolished in 2007, which forces traders to sell shares at a price higher than the previous trade.

You know, I\’m pretty sure that\’s not what the uptick rule says. Because of course if it did then share prices could only ever rise.

The rule is that you cannot short a share if the price is falling. You can only short if the price is rising. If you actually own the sahre you can sell at whatever price you like.

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