Global Meltdown is Over. Now is time to make Money., page 3
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ATS Members have flagged this thread 16 times


reply posted on 11-3-2009 @ 12:02 PM by marg6043
reply to post by tide88


Thanks for bringing that up, I forgot about that rule, that many said it was a mistake to have taken out in the first place.


reply posted on 11-3-2009 @ 12:14 PM by downtown436
reply to post by rattan1


I just bought shares in a 3x short financials ETF. Good luck if you are long in this market, my guess is you will lose a lot of money if you go long right now.



reply posted on 11-3-2009 @ 12:29 PM by Not Authorized
reply to post by tide88


Uptick rule does absolutely nothing as it won't prevent the market from declining. You buy yourself maybe a few seconds time in a computerized world with high volume stock. A minute or two for low volume stock.

If you ever watched a live ticker (not yahoo or charts), you'll see orders scrolling up/down ticks -- especially for stock having high volume. I've counted at least 20 upticks/downticks the past minute with C from 1.49 to 1.50 alone.

Shorting isn't the problem. Financial stocks dropped plenty with short selling banned on them. What drives down prices is when there is no bid for that price. There's no fix for that other than people investing their money.

It's just more fluff trying to instill confidence in a market that has no confidence -- and why should they? The real confidence (ie, the company is actually WORTH that much without financial games) has not been addressed.


reply posted on 11-3-2009 @ 12:31 PM by guinnessford
reply to post by downtown436

Happens from time to time.
Not an every day occurence, but it happens!


reply posted on 11-3-2009 @ 12:43 PM by guinnessford
blogs.consumerreports.org...
just a few lines down youll find at least one, just to make sure im not making it up....



reply posted on 11-3-2009 @ 01:28 PM by saint4God
reply to post by mythatsabigprobe


I guess a picture IS worth a thousand words after all. I wish I had the knack at saying so much with so little. Thanks


reply posted on 11-3-2009 @ 03:35 PM by Chance321
reply to post by invisibleman11


Right, all this is, is another bounce, we've all seen it happen before. obama signed his earmark filled budget so give it another day or so an the market'll take another hefty drop. Now this is just my feelings on this, but I don't think we'll see bottom till we're into the 5000 mark possibly high 4000's.
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