are they "legal" or are they gray area, and some where down the line are subject to short sale violations???
Legal. Pay for it and hit those bids. If they haven't abolished them by now, I doubt they will. Bullet is practically an option which allows you to hit bids on the stock on a downtick.
i am having this argument with a friend of mine, who feels that its simply a "trick" used on the software end to make the software allow you to short however it is "illegal" to do it since it is not on an uptick... however i didnt have the strength to argue with him at this late hour... thank you for your validation...
where the F^CK have you been for the last two years? oh yeah; paying my rent. thanks! hugs and kisses,