Quote from Steve Tvardek:
if its xyz (3 digits) than we are talking nyse. you have to sell the long first (1000 shares) and then the remaining can be executed short ONLY if its a Reg SHO stock (no uptick rule). If not you MUST wait for the uptick to get short.
If it was as easy to short as that, I could have easily made another 100K+ last year
Thanks for explaining how the nyse works. What if this were wxyz on the nasdaq?
EDIT, already answered, thx