Well I would say yes. The sale would have to be marked as short because you still need to be able to prove you could borrow the stock to execute the sale. The hard to borrow list and proof of borrowing to the SEC still have to come into play.
I think the SEC finally is allowing this because they figure tons of hedge funds were skirting the uptick rule anyway, so might as well make it "beneficial" for the little guy.
Some good stocks on that list. CAH, huh. Should be interesting to see how this acts on the next news day. UVN is another interesting one, it's been getting pushed down by shorts for the last few weeks, let's see what happens on May 2nd.
What little guy? Whole market is just hedgies & daytraders, half of which just go around the uptick. The ones actually getting hurt by this are the conversions and ESSEX, as well as expert abusers of the uptick rule. Not sure if anyone actually benefits.
Everything the SEC does is for the benefit of the "little guy". Don't you read the statements they put out?
is it possible the timing of this is somehow aimed to start trapping more eager money on the short side, since the market is cutting some lows here. is there any way in which this could actually give these stocks some lift at a time when a lot of them probably need it no idea, just wondering