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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies
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To: dvdw© who wrote (1948)7/31/2007 8:57:22 AM
From: dvdw© of 3821
 
Ahha weighs in on the change to the uptick rule; We must side with him here, because his is superior knowledge.

To: deeno who wrote (9553) 7/31/2007 1:35:14 AM
From: ahhaha of 9555

Any thoughts on the elimiation of the uptick rule?

Grace gave a good answer.

The uptick rule was never needed. It was an invention of the idiocy that came out of the Crash of '29. As usual, idiots blamed the wrong thing. The uptick rule has never made a difference. Considering that 3% of activity is short activity it's not hard to see why, but it wouldn't make any difference if short activity dominated.

There are so many ways to be short the market I cant imagine it will have any general effect.

Irrelevant. The short state of the market never had anything to do with whatever the exchange authorities thought the rule was addressing, and, the authorities knew it. They kept it for political reasons since it was benign. They kept it to make the public think they were tough on imagined rule violators.

But when the pendulum really starts to swing on a particluar stock or industry there may be some real volitility.

When? That's always happening, and never to any greater extent than in sometime in the past. How about '87? '87 was caused by machines gone wild and thus was an artificial event. The stock market in this decade is the least volatile ever. It's killing all traders. ALL.

Or do you think options sated the need for an uptick rule.

As above, no connection.
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