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.

Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (4016)	12/9/2008 12:37:46 PM
From: rrufff	Read Replies (1) \| Respond to of 5034

Given the change in markets, pricing now in decimals and computer programs, there would have to be range movements rather than a simple uptick. E.g. A stock would have to go up the greater of .05 or the difference between bid/ask spread in order to be meaningful. re uptick rule

To: The Ox who wrote (4016)	12/12/2008 7:27:12 AM
From: makeuwonder	1 Recommendation Respond to of 5034

“It was a good rule back when trading was manual, but now that trading is much more automated, I don’t see it as a viable solution,” said C. Thomas Richardson, global head of transaction services for New York-based brokerage Nyfix Inc. <snip> more at above link I totally agree with this statement. How hard would it be to buy a hundred shares causing an uptick and then dragging it down with several thousand after that? What good is it? What we need is the DTCC to open the books and provide the information of how many stocks weren't really bought. Pull the ill gotten money back in from the off shore accounts and figure out a way to make them buy the shares. I was listening to some of these hearings and heard one of the guys making a statement about the BK'D drug down company's I suspect and said it's going to be difficult to figure out who owns what and they needed time to get it sorted out. Maybe justice will prevail if we John Q. Public keep putting on the pressure. We have to keep fighting this. We are so close. JMO,