Cramer calls for the reinstatement of the uptick rule

[4DTrader]

SEC should investigate Cramer's insider trading practices. This guy is a very dishonest creature, and stupid too. I don't know why CNBC put him on TV, pure garbage, only ignorant housewives and college students listen to him.

 

[Sniemiec]

Quote from 4DTrader:

SEC should investigate Cramer's insider trading practices. This guy is a very dishonest creature, and stupid too. I don't know why CNBC put him on TV, pure garbage, only ignorant housewives and college students listen to him.

I believe they put him on and keep him on, because he has great ratings, which translates into higher ad revenue.

 

[wjk]

When the rule was in effect, I thought the MM's and specialist's were immune from it. Was this true, or did they also have to abide by it?

And if this were true, why would bringing it back make any difference at all?

If true, then the playing field wasn't level until the rule was removed.

 

[HolyGrail]

Quote from 4DTrader:

SEC should investigate Cramer's insider trading practices. This guy is a very dishonest creature, and stupid too. I don't know why CNBC put him on TV, pure garbage, only ignorant housewives and college students listen to him.

So which one are you liulala? Have you been baking cookies all day, or are you a student that will eventually be delivering pizzas?

 

[bathrobe]

Quote from liulala:

love u, cramer

remove uptick rule hurts the market so much!

i will do what cramer suggested

You are an ignorant noob

 

[Triple X]

Quote from wjk:

When the rule was in effect, I thought the MM's and specialist's were immune from it. Was this true, or did they also have to abide by it?

I believe they had to abide by it, but they are the ones that control the stocks movement, so it is easy for them to create upticks.

Cramer, as usual, is full of crap.

 

[sprstpd]

I've already sent my letters off to the SEC and to my senators and representative, telling them the benefits that have occurred because of the repeal of the uptick rule.

Please send yours before the Cramerites send theirs.

 

[ElatedMaverick]

Uptick Rule is Great for most advanced discretionary traders, bad for most scalp monkeys.

We know who you are.

 

[wjk]

Missed some pretty good short trades because of the rule before it was removed. Just couldn't get in. Some were great moves. Not going to chase a trade, regardless of the time frame. Glad the rule is gone. I noticed early in the current market decline, some CNBC pundits were blaming the uptick rule removal on a regular basis.

I wasn't in the game during previous major market declines. Have any of the recent selloffs we had with the uptick rule removed been worse then others when the rule was in effect(87, 2001)? Be interested in what the more experienced players could offer on that.

 

[gaj]

there was the uptick rule in 2000/2001. you can see how that helped *cough* (and some got around it on big stocks with bullets).

(i think it was) japan which didn't allow shorting, and had a longterm downdraft.

of course, there were a large chunk of stocks which were under the SEC's test program, and miraculously (cough) those stocks weren't pounded to the ground.

btw, yes, when there's an uptick rule, many MMs and specialists bypassed the rule.

dumb ass cramer.