Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (127030)	10/3/2001 9:08:51 AM
From: Tommaso	Read Replies (2) \| Respond to of 436258

When the uptick rule goes, watch for "bear raids" organized over the Internet. What's to stop fifty or a hundred people on one these threads from simultaneously sending in orders to short a particular stock, forcing margin calls on it, and then covering after the collapse? I am not suggesting doing this, but the invention of the telephone made this possible early in the century. The SEC had better think carefully before dropping the rule.

To: stomper who wrote (127030)	10/3/2001 9:13:52 AM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

The uptick rule really makes no difference. Professional traders, who provide 95% of market liquidity, do not need upticks to short equities. This whole push to remove short sales is really quite ludicrous. If that were to happen, then the only people that could short would be the very ones who do it most. They do not require an uptick to execute the trade since the sold shares are already marked long. (~)^(~)