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Reinstating the uptick rule is not enough

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April 22, 2009 – Comments (8)

http://www.sec.gov/comments/s7-08-09/s70809-130.pdf

Hat tip to Jim Gillies for the most patriotic read I've seen this year. (And he's a lousy Canuck even.)

Sj

8 Comments – Post Your Own

#1) On April 22, 2009 at 12:56 PM, TMFLomax (46.97) wrote:

omg, that's hilarious!

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#2) On April 22, 2009 at 1:08 PM, 4everlost (29.61) wrote:

That's the first time tdoay I LOLed!

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#3) On April 22, 2009 at 1:14 PM, motleyanimal (51.77) wrote:

Love it.

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#4) On April 22, 2009 at 1:35 PM, goldminingXpert (29.55) wrote:

Good job. That guy nailed those nasty "long sellers". What a bunch of thugs, thinking they have the right to both buy and sell. What economic terrorists!

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#5) On April 22, 2009 at 1:48 PM, outoffocus (23.49) wrote:

Thats hilarious!  Then the top it off the guy's name was Benjamin Dover. Ben Dover! Lol!

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#6) On April 22, 2009 at 2:14 PM, TMFCrocoStimpy (89.81) wrote:

Can't flaw the logic......

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#7) On April 22, 2009 at 2:34 PM, kaskoosek (37.09) wrote:

Prices do not increase if no one sells.

I know it is a joke, but I had to point that out.

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#8) On April 23, 2009 at 3:14 AM, camistocks (< 20) wrote:

What is REALLY funny is that the SEC is probably receiving hundreds of such "satirical" posts everyday and so they probably don't think it's funny anymore and so they might just think: oh no not again another "smartass". And all of this just because of the uptick rule... :-)

Clearly, the way the short sellers whine so much probably means that they are really annoyed... ;-)

PS who is Jimmy Buffett? 

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