Quote from thorn:
You are totally wrong. This pilot has been a success, and eventually ALL HIGH CAP stocks will no have an uptick rule.
The NYSE has collected the data, and the results are that the stocks that are now up-tick exempt, rose by a higher % than the similar stocks that were not on the list. They have concluded that stocks with no up-tick rule actually do better than those that have an up-tick rule. Conclusion: the up-tick rule will be abolished for HIGH CAP stocks with 500M in capitalization or more. This threshold is still be meticulously figured.