Uptick Volume

See: Buy Minus. See: Uptick Rule.

00:00

Finance a la shmoop what does buy minus mean? buy minus is a trading limit or rather a

00:10

trading rule given by a client wanting to acquire stock when it goes on flash

00:15

sale think Macy's white-flower day sale meets a bolt of lightning you know so [Sale banner outside Macy's and lightning flashes]

00:20

how's that work well Bobby bargain hunter sees the

00:23

highly volatile whatever dot-com trading at 8250 a share but notes that in the

00:28

last week it has been as high as 88 and as low as 75 Bobby wants to be long the

00:35

stock ie own it but doesn't want to pay retail price for it ie a "market

00:40

order" would just buy that stock at whatever price its trading at this [Market price appears]

00:45

moment so he puts in a buy minus order with a limit of 72

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if the stock suddenly gaps down to that level he'll be the proud new owner of a [Bobby with a pile of stock]

00:55

hundred shares have whatever.com and if it doesn't well then Bobby bargain

00:59

hunter will have to shop elsewhere for bargains yeah this guy's such a big

01:03

bargain hunter he even hackles at restaurants can you believe that [Waiter approaches Bobby with the check]