Joanne98
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Tue Mar-10-09 12:34 PM
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CNBC Barney Frank "I'm hopeful the uptick rule will be re-instated within the month" |
wryter2000
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Tue Mar-10-09 12:38 PM
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1. What's the uptick rule? |
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If Barney Frank's for it, I'm sure I am, too. :)
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sazemisery
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Tue Mar-10-09 12:40 PM
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"The uptick rule is a securities trading rule used to regulate short selling in financial markets. The rule mandates, subject to certain exceptions, that, when sold, a listed security must either be sold short at a price above the price at which the immediately preceding sale was effected or at the last sale price if it is higher than the last different price. In 1938, the SEC adopted the uptick rule, more formally known as rule 10a-1, after conducting an inquiry into the effects of concentrated short selling during the market break of 1937. <1> The original rule was implemented by Joseph P. Kennedy, Sr., the first SEC commissioner."
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ananda
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Tue Mar-10-09 12:40 PM
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http://www.reuters.com/article/etfNews/idUSWEN570520090310The uptick rule would force short sellers to sell at a higher price than the previous trade.
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wryter2000
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Tue Mar-10-09 05:52 PM
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I like Thom Hartmann's idea of a teeny tax on each trade. It wouldn't matter for people who are investing over the long-term, but it might deter speculation.
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ORDagnabbit
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Tue Mar-10-09 12:58 PM
Response to Original message |
4. you know for a free market system there sure are alot of rules |
rocktivity
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Tue Mar-10-09 01:04 PM
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5. If I've learned anything at all in the past eight years |
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It's that a free free market system is a facist system.
:headbang: rocktivity
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girl gone mad
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Tue Mar-10-09 03:09 PM
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6. maybe next they can ban.. |
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Tue May 07th 2024, 01:51 AM
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