What will be the end result of the elimation of bullets be on pro firms/traders?

zdreg · Nov 23, 2003

Quote from Casey30:

What is this, your very first post you post a possibly outlandish rumor. What are your intentions of posting this. I work at Hold Brothers and I, nor any of the traders I work with or know there have been asked to reduce their payouts or increase thier commissions. Also, we received our pay checks on time also. So, if they are out of money, how could they have done this???

what about chief financial officer quitting a few weeks ago true or not?

Mecro · Nov 23, 2003

Quote from ElectricSavant:

If Bill Gates makes $50,000.00 per hour does he lose money to stoop and pick up a $100.00 bill from the sidewalk?

Michael B.

I Missed Boat's post was a joke.

ElectricSavant · Nov 23, 2003

Quote from Mecro:

I Missed Boat's post was a joke.

so was mine

trade-ya1 · Nov 24, 2003

Why is everyone stressing? On Oct. 22, the SEC put out the elimination of the uptick rule for 60 day public comment (in the most liquid stocks, soon to lead to all stocks). This is basically just a formality prior to instituting the new ruling. William Donaldson has clearly said that the short-sale rules need to be revisited and is outdated. To me, it's clear as day that they are going to eliminate the uptick rule in short order. I believe that this SEC 'interpretation letter' was ill-timed and probably should have happened in conjunction with the elimination of the uptick rule. Nonetheless, the uptick rule will most likely be eliminated as of Jan. 1 (or thereabouts). I suggest traders take the holidays off and be thankful that they don't have to pay for bullets anymore. Welcome all comments...Neal.

nitro · Nov 24, 2003

Quote from trade-ya1:

Why is everyone stressing? On Oct. 22, the SEC put out the elimination of the uptick rule for 60 day public comment (in the most liquid stocks, soon to lead to all stocks). This is basically just a formality prior to instituting the new ruling. William Donaldson has clearly said that the short-sale rules need to be revisited and is outdated. To me, it's clear as day that they are going to eliminate the uptick rule in short order. I believe that this SEC 'interpretation letter' was ill-timed and probably should have happened in conjunction with the elimination of the uptick rule. Nonetheless, the uptick rule will most likely be eliminated as of Jan. 1 (or thereabouts). I suggest traders take the holidays off and be thankful that they don't have to pay for bullets anymore. Welcome all comments...Neal.

If this is true I will do ten salamis, no wait, I will sacrifice five chickens in honor of Donaldson.

Please let it be true...

nitro

trade-ya1 · Nov 24, 2003

http://ragingbull.lycos.com/mboard/boards.cgi?board=PEP&read=1001

ChaosNSX · Nov 24, 2003

Dude if you are bullshitting ET is going to lynch you, but if your not.. So mot it be.. You are the man..

Quote from trade-ya1:

Why is everyone stressing? On Oct. 22, the SEC put out the elimination of the uptick rule for 60 day public comment (in the most liquid stocks, soon to lead to all stocks). This is basically just a formality prior to instituting the new ruling. William Donaldson has clearly said that the short-sale rules need to be revisited and is outdated. To me, it's clear as day that they are going to eliminate the uptick rule in short order. I believe that this SEC 'interpretation letter' was ill-timed and probably should have happened in conjunction with the elimination of the uptick rule. Nonetheless, the uptick rule will most likely be eliminated as of Jan. 1 (or thereabouts). I suggest traders take the holidays off and be thankful that they don't have to pay for bullets anymore. Welcome all comments...Neal.

trade-ya1 · Nov 24, 2003

I'm da man.. :-)

cornholetrading · Nov 24, 2003

Quote from ChaosNSX:

Dude if you are bullshitting ET is going to lynch you, but if your not.. So mot it be.. You are the man..

That was proposed several weeks ago. The only surprise was that the bullets where eliminated so soon. However the top 300 stocks will not necessarily cover the stocks you trade or will help you much if you trade news stocks that are not on the list.

size · Nov 24, 2003

So you will be able to hit bids for free along with everyone else and his uncle, so what? That just means more noise and much less choppy moves upward for the long side - hardly anything to cheer about.