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Varchild2008 (85.49)

The Uptick Rule is meaningless...It won't change a thing!!!

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March 10, 2009 – Comments (6) | RELATED TICKERS: C , BAC , MI.DL

The Uptick Rule is meaningless...It won't change a thing... People are making too big a deal out of the return of the Uptick Rule.  There is no impact in today's market for the uptick rule..... Seriously... Maybe it had an impact after the Great Depression when stocks were trading at
.00000001.   Yea.. Then maybe the uptick rule was a help.


Today?  nooooooooway.... Noooooooo how....  Uptick Rule isn't going to do anything... Waste of time....


(Subliminal Message:  Portfolio of Typical Anti - Uptick Rule Activist

(SKF) Ultrashort Financials
(SRS) Ultrashort Real Estate
(QID)  Ultrashort NASDAQ
(SJH) Ultrashort Russel 2000
(SDD) Ultrashort Smallcap 600 Proshares
(SCC) Ultrashort Consumer Services Proshares
(SJF) Ultrashort Russel 1000 Proshares

The Uptick Rule... People making such a big deal...  Dow is still going to 4000... Russel 2000 will soon look like the Russel 20.   There's no hope here.... Just wishful thinking from all of these &^%$ who want the uptick rule back.

Specter Vector with a Tubro Injector Charger flashing White like a Projector is still going to crash through the floor.... You still have to grab your gown!!!    UPTICK RULE IS STUPID!!

6 Comments – Post Your Own

#1) On March 10, 2009 at 4:57 PM, cbwang888 (25.41) wrote:

If not because of some dummy shorts, we won't have a day like today.

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#2) On March 10, 2009 at 4:58 PM, carcassgrinder (41.83) wrote:

cool, then it shouldn't matter that they are bringing it back

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#3) On March 10, 2009 at 5:01 PM, Varchild2008 (85.49) wrote:

I was being sarcastic.....?

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#4) On March 10, 2009 at 6:01 PM, 2008CrashIsHere (< 20) wrote:

 So many are saying it won't matter that I would have to beleive it WILL

 

 Of course, the real damage has already been done, so I'm not sure it means all that much at this point.

 

 

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#5) On March 10, 2009 at 7:56 PM, checklist34 (99.72) wrote:

i take from the picks in your portfolio that you're being sarcastic?  (you're mostly long value priced stocks, which i think will pay off wildly over the next 1-5 years).

I saw you picked Textron...  my worst pick on caps and not a good one in real life either  (bought at 16, 12, 9, 7, then sold out to take a loss and am waiting 2 more weeks to get back in).  I hope its still cheap when I can get back in.  Bell or Cessna or Defense (take your pick) are, any one by itself, worth far more than the current market cap.  The value of Financial would have to be negative many billion for this pricing to be justified.  

Enough textron its not my biggest holding or anything, but...

the uptick rule will be worth +10% to the market by summer, fundamentals aside.

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#6) On March 10, 2009 at 9:10 PM, BenGriffin71 (28.02) wrote:

The uptick rule had a big effect when bid/ask spreads were wider before the advent of electronic trading.

Also, when stocks traded in fractions the effect was much larger than once stocks began trading in decimals.

An uptick of 1 cent on a stock with a $20.00 price is just a 0.05% rise, so just one twentieth of one percent..... enough to be considered noise, but woefully insufficient to count as a reliable signal of more than a momentary change in direction.

Unfortuantely it just doesn't carry that much weight now.

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