Of course there will come a day when the no uptick rule haunts us, but not quite yet.
Too many newbies think that it was a field levelor. Please. Shorting is man’s work and 99 percent of the people that short stocks have no clue.
The real pro’s could give a shit about the uptick rule. The newbies are getting toasted in this rally because it is too easy to short stocks.
Still haven’t come across a short seller that actually makes money shorting (with an audited track record); been looking for years now.
so right. some nice people and cocktail party type guests in the business, but they hide behind the mask of beta and alpha and sigma and jimmy neutron type statements.
As you know, none of what you said above is true.
There are plenty of professional “plungers,” who actively raid small cap stocks; who bank coin.
In addition, the uptick rule is necessary to stem the downward momentum.
How quickly you forget.
Off to eat a healthy salad (with chop meat, cheese and sour cream)
fly…pleasde. its all true
small cap stocks should likely be raided and anyways , thats an open eyed cost of doing business as a public company. sure some creeps bank coin, but so do the occasional infomercial asshats
The uptick rule is a farce. whats wrong with downward momentum.
add some guac to the salad.
Good riddance to the uptick rule. All other markets get along just fine without the meddling.
“What’s wrong with downward momentum?”
How about everything?
As you know, people are more apt to panic sell then buy. Moreover, there should be protection’s in place to protect wealth, as opposed to helping destroy it.
There is nothing wrong with having a slight bias for the bulls. After all, who in their right mind wants a crash?
Something tells me we will be debating this forever.
Let’s save this debate, until after the DOW drops 2,000 points in a day.
why argue. i am right.
ok enuf