SEC propose repeal of short sale price test

Quote from thorn:

This is a totally ridiculous statement. I told this board many months ago this would happen. It will happen, the pilot program shows that the "uptick rule " exempt stocks have performed alot better than the others. So they came to the obvious conclusion to scrap the rule altogether.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1097548&highlight=uptick+rule#post1097548

Wow, how did thorn know this so far ahead of the curve?
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after last week's downdrift you can "stand at the corner watching all the girls go by" because nothing is going to happen for a very long time.
 
Selling in front of short steppers has been a complete joke the past year or two anyway. I can't wait until this rule is gone for all stocks. Hopefully soon.
 
There has been this kind of talk forever.
I'll believe it when it happens.
I would benefit a lot.

The entire issue is so esoteric and marginal...
And charged by the PHONY negativity associated with shorts...
That it's always been a political non-starter.
 
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