Comments on: 5 Things About the Uptick Rule and ETFs You Should Know http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html Keeping a grip on exchange traded funds (ETFs) Fri, 20 Nov 2009 16:30:37 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Donato http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-3914 Donato Thu, 23 Apr 2009 18:26:23 +0000 http://www.etftrends.com/?p=8329#comment-3914 The uptick rule has much less significance now that we trade in decimals instead of fractions. Of much more importance is HR1068, currently in committee. That is a bill that would "make Wall Street pay for the bail out". But we all know that Wall Street won't pay a dime, it will only get passed on to us.<br><br>HR1068 wants to put a one quarter percent tax on every share sold, NOT the profit of a trade. That would change the lives of a day trader to an extent that I cannot imagine. The uptick rule has much less significance now that we trade in decimals instead of fractions. Of much more importance is HR1068, currently in committee. That is a bill that would “make Wall Street pay for the bail out”. But we all know that Wall Street won't pay a dime, it will only get passed on to us.

HR1068 wants to put a one quarter percent tax on every share sold, NOT the profit of a trade. That would change the lives of a day trader to an extent that I cannot imagine.

]]> By: Donato http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-4742 Donato Thu, 23 Apr 2009 18:26:23 +0000 http://www.etftrends.com/?p=8329#comment-4742 The uptick rule has much less significance now that we trade in decimals instead of fractions. Of much more importance is HR1068, currently in committee. That is a bill that would "make Wall Street pay for the bail out". But we all know that Wall Street won't pay a dime, it will only get passed on to us.<br><br>HR1068 wants to put a one quarter percent tax on every share sold, NOT the profit of a trade. That would change the lives of a day trader to an extent that I cannot imagine. The uptick rule has much less significance now that we trade in decimals instead of fractions. Of much more importance is HR1068, currently in committee. That is a bill that would “make Wall Street pay for the bail out”. But we all know that Wall Street won't pay a dime, it will only get passed on to us.

HR1068 wants to put a one quarter percent tax on every share sold, NOT the profit of a trade. That would change the lives of a day trader to an extent that I cannot imagine.

]]> By: John Q. Trader http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-3913 John Q. Trader Thu, 23 Apr 2009 16:21:45 +0000 http://www.etftrends.com/?p=8329#comment-3913 If short sellers drive a price too low, then buyers get a huge bargain. The only people complaining are those who buy and hold for the long term, but they are placing the blame in the wrong place. Do you seriously think that short-term trading action (such as short sellers pushing a stock down) has a greater impact on a security over the long term than the actual fundamentals of the company? If the fundamentals priced the company higher, then the market would take it there. If short sellers drive a price too low, then buyers get a huge bargain. The only people complaining are those who buy and hold for the long term, but they are placing the blame in the wrong place. Do you seriously think that short-term trading action (such as short sellers pushing a stock down) has a greater impact on a security over the long term than the actual fundamentals of the company? If the fundamentals priced the company higher, then the market would take it there.

]]> By: John Q. Trader http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-4741 John Q. Trader Thu, 23 Apr 2009 16:21:45 +0000 http://www.etftrends.com/?p=8329#comment-4741 If short sellers drive a price too low, then buyers get a huge bargain. The only people complaining are those who buy and hold for the long term, but they are placing the blame in the wrong place. Do you seriously think that short-term trading action (such as short sellers pushing a stock down) has a greater impact on a security over the long term than the actual fundamentals of the company? If the fundamentals priced the company higher, then the market would take it there. If short sellers drive a price too low, then buyers get a huge bargain. The only people complaining are those who buy and hold for the long term, but they are placing the blame in the wrong place. Do you seriously think that short-term trading action (such as short sellers pushing a stock down) has a greater impact on a security over the long term than the actual fundamentals of the company? If the fundamentals priced the company higher, then the market would take it there.

]]> By: JR http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-3662 JR Tue, 17 Mar 2009 00:26:48 +0000 http://www.etftrends.com/?p=8329#comment-3662 Ditto Alan. The bulls always want the upperhand and whine when they get beat down day in day out (for the last year or so). I trade for a living (10+ yrs). I go long and short everyday all day. Longs want to blame the repeal of the uptick rule for all their misery and losses. I find in my experience that repealing the uptick rule has brought quick and decisive price discovery which in my opinion is the true market. As long as the SEC cracks down on naked short selling and reigns that in then the markets will be fine in the long run. At some point the shorts have to cover which in turn helps bring price back up, and many times in dramatic fashion. Ditto Alan.

The bulls always want the upperhand and whine when they get beat down day in day out (for the last year or so).

I trade for a living (10+ yrs). I go long and short everyday all day. Longs want to blame the repeal of the uptick rule for all their misery and losses. I find in my experience that repealing the uptick rule has brought quick and decisive price discovery which in my opinion is the true market. As long as the SEC cracks down on naked short selling and reigns that in then the markets will be fine in the long run.

At some point the shorts have to cover which in turn helps bring price back up, and many times in dramatic fashion.

]]> By: Joe http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-3657 Joe Mon, 16 Mar 2009 21:20:22 +0000 http://www.etftrends.com/?p=8329#comment-3657 Uptick / downtick are not symetrical. There's no risk of artificially driving a stock price to infinity thereby forcing it into bankruptcy due to inability to raise capital. Uptick / downtick are not symetrical. There’s no risk of artificially driving a stock price to infinity thereby forcing it into bankruptcy due to inability to raise capital.

]]> By: alan http://www.etftrends.com/2009/03/5-things-about-the-uptick-rule-and-etfs-you-should-know.html/comment-page-1/#comment-3650 alan Mon, 16 Mar 2009 13:37:25 +0000 http://www.etftrends.com/?p=8329#comment-3650 If the uptick rule works - how about a downtick rule? If the uptick rule works – how about a downtick rule?

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