Quote from stock777:
Dear imbeciles.
We got along fine with the uptick rule for decades.
Please, take your ridiculous objections to the Yahoo boards where they belong.
Thanks in advance.
PS The only ones benefiting from the no uptick rule are black box manipulators and rumor mongers. No one else.
Quote from cybtropic:
He's 100% right. I have never seen so many stocks lose sometimes 50+% of their value in a matter of minutes with not even one green bar on a 3-min chart.
I've been shorting long before the uptick rule was repealed and never had a problem with this rule. Just because someone supports the rule doesn't mean they are against shorting.
Quote from Landis82:
Agreed 100%
As usual, yet another Bush appointee ( SEC Chairman Christopher Cox ) is asleep at the wheel.
When you see a market plunge 200 points in the last 7 minutes of a trading session because shorts and Ultra Pro Bear ETF Funds are simply machine-gunning down the bids, people are unable to "process" the market data that they are seeing before their eyes.
Why Cox doesn't realize this is absolutely beyond me . . . He should go back to the OC and never be heard from again. He has not defended capitalism.
Quote from Neodude:
This volatility has nothing to do with manipulators, its what happens in bear markets.
-Neo
Quote from Landis82:
I strongly disagree.
You are failing to make an important distinction between volatility and VELOCITY.
Even given the bear market environment that we are currently in, the market has NEVER historically displayed the kind of VELOCITY and speed at which prices are being printed . . . even in the modern electronic era.
That's my point.
Quote from robbie380:
it sounds like you are talking about rumors more than you are talking about the uptick rule. further are you telling me that those crappy companies that went bankrupt or had shotgun marriage mergers would still be strong viable companies if those horrrrible rumors....errrrrrrrr truth....wasn't put out there?