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The Uptick Rule
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Machiavelli Offline
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Post: #1
The Uptick Rule
Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule
03-10-2009 01:14 PM
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GGniner Offline
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RE: The Uptick Rule
it should probably be put back in place. This is what the GOP attempted to try and campaign on last year near the end, though I don't think Newt ever got McCain to publicly say it.

While we are at it, SOX should be overturned, Cap Gains and Corporate Taxes should be slashed and before you know it the market will come back around.

also, Barney frank and Chris Dodd should be ran out of town and Fannie/Freddie lending practices(central planning) need to be put to its death bed. Repeal of the Community Re-investment Act would be a good place to start.


these things are not going to happen.
(This post was last modified: 03-10-2009 01:22 PM by GGniner.)
03-10-2009 01:21 PM
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Ninerfan1 Offline
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RE: The Uptick Rule
(03-10-2009 01:14 PM)Machiavelli Wrote:  Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule

The fear is coming soley from your boy and his incompetent treasury secretary.

Look at your BAC stock and enjoy.04-cheers
03-10-2009 01:22 PM
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GGniner Offline
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RE: The Uptick Rule
Citi stating a profit unexpectadly, partly has the market up today.

If Citi is making a profit in Q1, BofA must have a huge one, they took all their losses at end of last year.
03-10-2009 01:25 PM
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DrTorch Offline
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RE: The Uptick Rule
(03-10-2009 01:14 PM)Machiavelli Wrote:  Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule

Short sellers have long been blamed for panic in the markets...the fact is, this has never been demonstrated to be true. Quite the opposite, short sellers can (and often do) ease the panic selling of a poor stock.

Of course lots of people are taught to believe nonsense and never seek empirical evidence.

Looking for a scapegoat instead of implementing sound policies and legislation is for the simple-minded, fearful folks.
03-10-2009 01:36 PM
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Hambone10 Offline
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Post: #6
RE: The Uptick Rule
(03-10-2009 01:36 PM)DrTorch Wrote:  
(03-10-2009 01:14 PM)Machiavelli Wrote:  Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule

Short sellers have long been blamed for panic in the markets...the fact is, this has never been demonstrated to be true. Quite the opposite, short sellers can (and often do) ease the panic selling of a poor stock.

Of course lots of people are taught to believe nonsense and never seek empirical evidence.

Looking for a scapegoat instead of implementing sound policies and legislation is for the simple-minded, fearful folks.

Perhaps I'm missing something, but how does a short seller ease the panic? Clearly he has to cover, and that will provide an eventual bump... frequently referred to as a dead-cat bounce... but hardly a panacea
03-10-2009 01:57 PM
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DrTorch Offline
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Post: #7
RE: The Uptick Rule
(03-10-2009 01:57 PM)Hambone10 Wrote:  
(03-10-2009 01:36 PM)DrTorch Wrote:  
(03-10-2009 01:14 PM)Machiavelli Wrote:  Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule

Short sellers have long been blamed for panic in the markets...the fact is, this has never been demonstrated to be true. Quite the opposite, short sellers can (and often do) ease the panic selling of a poor stock.

Of course lots of people are taught to believe nonsense and never seek empirical evidence.

Looking for a scapegoat instead of implementing sound policies and legislation is for the simple-minded, fearful folks.

Perhaps I'm missing something, but how does a short seller ease the panic? Clearly he has to cover, and that will provide an eventual bump...

As shorts cover their positions, they are buying...and helping to ease the panic and slow the price drop.

You can't save a doomed company...but shorts don't create a bad business plan.

There is no soundness in making them a scapegoat.
03-10-2009 02:21 PM
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Machiavelli Offline
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RE: The Uptick Rule
but shorts can cause bear raids, which in turn can cause snowballs to turn into avalanches.
03-10-2009 07:15 PM
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Hambone10 Offline
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Post: #9
RE: The Uptick Rule
(03-10-2009 02:21 PM)DrTorch Wrote:  
(03-10-2009 01:57 PM)Hambone10 Wrote:  
(03-10-2009 01:36 PM)DrTorch Wrote:  
(03-10-2009 01:14 PM)Machiavelli Wrote:  Read up on it... It was allowed to expire July 6, 2007. The mere mention of it being brought back and look at today. I'm not saying that's the only reason but IT IS one of them. We need to stop these illegal bear raids. People are profiting from fear. Bring it back. Probably 20% that day.


http://en.wikipedia.org/wiki/Uptick_rule

Short sellers have long been blamed for panic in the markets...the fact is, this has never been demonstrated to be true. Quite the opposite, short sellers can (and often do) ease the panic selling of a poor stock.

Of course lots of people are taught to believe nonsense and never seek empirical evidence.

Looking for a scapegoat instead of implementing sound policies and legislation is for the simple-minded, fearful folks.

Perhaps I'm missing something, but how does a short seller ease the panic? Clearly he has to cover, and that will provide an eventual bump...

As shorts cover their positions, they are buying...and helping to ease the panic and slow the price drop.

You can't save a doomed company...but shorts don't create a bad business plan.

There is no soundness in making them a scapegoat.

(03-10-2009 07:15 PM)Machiavelli Wrote:  but shorts can cause bear raids, which in turn can cause snowballs to turn into avalanches.

IMO, short sellers are part of the same game as momentum buyers. If we want the euphoria of a tripling of Google, then we need to put up with the weight of short-sellers.

At least short sellers have to be able to borrow the stock to short, while long players can buy at will and have 3 days to come up with the money or sell.

I will agree that unreasonable moves to the downside can impact companies far beyond their stock value and cause credit squeezes that can put otherwise sound companies out of business.
03-11-2009 09:26 AM
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Artifice Offline
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Post: #10
RE: The Uptick Rule
(03-10-2009 01:25 PM)GGniner Wrote:  If Citi is making a profit in Q1, BofA must have a huge one, they took all their losses at end of last year.

BofA hasn't written off their godawful credit card exposure yet. They're still a good bank, but they have a lot of crap yet to post.
03-11-2009 11:46 AM
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