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IBDvalueinvestin (99.65)

Market gurus are trying to setup us shorts today??

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April 06, 2009 – Comments (3)

All the downgrades of stocks today ahead of Wed. SEC uptick ruling, could suggest shorts are getting setup for a rebound Tuesday effect ahead of Wed.

I will not fall into the trap... :-}

 

06-Apr-09 10:39  SEC to consider about four proposals on Wednesday to regulate short selling, including restoration of original uptick rule, according to Schapiro - Reuters

3 Comments – Post Your Own

#1) On April 06, 2009 at 12:25 PM, ralphmachio (25.92) wrote:

Ok. What does that imply for the short - medium term?  Will the short sellers try and have one last hurrah today?  Will the market continue to be bolstered by no real good news at all, only drop further before spring really starts to heat up?(if you think spring is going to be hot at all) The market can't fall off the floor, so it has to get bullish before september.  Which sector is most likely to benefit from these regulation changes? Thanks to anyone who wants to help. 

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#2) On April 06, 2009 at 12:55 PM, russiangambit (29.33) wrote:

That would actually require thinking 2 days in advance. CNBC is not that sophisticated.

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#3) On April 06, 2009 at 1:05 PM, foolsMeThrice (99.63) wrote:

Don't be overly contrarian when interpreting this information.  If it walks like a duck, quacks like a duck, well may be its a duck.  If the market is going down, the uptick rule isn't going to stop it.

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