1) Remove the tick...making sure the head doesn’t come off in your skin.
2) Preserve the tick in a sterile container until you get to the nearest lab.
3) Start a prophylactic course of antibiotics, just in case.
Also, the term refers to a set of rules related to when you can make certain trades on Wall Street. The ticks in question represents near-term stock price changes. A tick up represents an increase in the most recent price change; a tick down refers to a decline.
The most famous tick test rule prevented traders from shorting a stock on a downtick.
A short represents a bet that the price of a stock will decline. Regulators worried that short sellers would pile onto vulnerable stocks...sorta like pushing down the head of someone drowning in a pool. So they put in place the downtick rule, which said that a short could only be put into effect after the stock had ticked up. Basically, the person had to poke their head above water before you could push it back down.
The rule was eventually eliminated. Regulators basically decided that "drowning fools are going to drown anyway."
Related or Semi-related Video
Finance: What Does "Buy Minus" Mean?3 Views
Finance a la shmoop what does buy minus mean? buy minus is a trading limit or rather a
trading rule given by a client wanting to acquire stock when it goes on flash
sale think Macy's white-flower day sale meets a bolt of lightning you know so [Sale banner outside Macy's and lightning flashes]
how's that work well Bobby bargain hunter sees the
highly volatile whatever dot-com trading at 8250 a share but notes that in the
last week it has been as high as 88 and as low as 75 Bobby wants to be long the
stock ie own it but doesn't want to pay retail price for it ie a "market
order" would just buy that stock at whatever price its trading at this [Market price appears]
moment so he puts in a buy minus order with a limit of 72
if the stock suddenly gaps down to that level he'll be the proud new owner of a [Bobby with a pile of stock]
hundred shares have whatever.com and if it doesn't well then Bobby bargain
hunter will have to shop elsewhere for bargains yeah this guy's such a big
bargain hunter he even hackles at restaurants can you believe that [Waiter approaches Bobby with the check]
Up Next
What is Ticker Tape? The ticker tape at present is an electronic display that shows stock trading info re. symbol, price and number of shares with...