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Offline Elderberry

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BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market Presi
« on: February 28, 2020, 01:11:59 pm »
Gateway Pundit by Jim Hoft February 27, 2020

BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market President Trump Must Reinstate the Uptick Rule

The stock market plunged 1,190 points on Thursday after falling 2,000 points earlier this week.

Bad actors are using the Coronavirus news to try to cause a market panic.

They are making a killing by short selling, and they are going to tank the Trump economy.

To Stop the Current Short Sale Attack on the Stock Market President Trump Must Reinstate the Uptick Rule

President Trump needs to reinstate the uptick rule to stop the short seller attack on the market.  The uptick rule worked great from 1938 to 2007. The current modified uptick rule in place since 2010 doesn’t work. Reinstate the uptick rule and stop the short seller attack.

The Uptick Rule in place from 1938 to 2007 prevented a short sale of a stock unless the previous trade caused an increase in price (an “uptick”). It was put in place by the Securities and Exchange Act of 1934 in response to the stock market crash in the Great Depression to prevent future attacks on the market by short sellers.

The rule was eliminated by the SEC in 2007, and the market crash of 2008-09, which was in part a short seller attack, followed almost immediately.  The resulting crash absolutely helped Democrats win in a landslide in 2008.

In response, the SEC introduced the “Alternative Uptick Rule” (Rule 201) in 2010, “which imposes restrictions on short selling only when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day.”

More: https://www.thegatewaypundit.com/2020/02/bad-actors-are-crashing-the-markets-to-stop-the-current-short-sale-attack-on-the-stock-market-president-trump-must-reinstate-the-uptick-rule/
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Offline catfish1957

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #1 on: February 28, 2020, 01:17:48 pm »
I have always been of the opinion that "Shorts" are ripe with unscrupulous people who particpate in insider trading, or in some cases sabotage the equity (or in this case), the market in general. 

If I were with SEC, I'd work with congress to require all short sales be retained 90 days before liquidating.  That'd thin the herd of most of the ass holes.
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Offline LMAO

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #2 on: February 28, 2020, 02:48:08 pm »
This sounds a little bit too much conspiracy theory to me. If they wanted to damage to affect Trump’s reelection chances, they would’ve done it closer to the election

Economics is just as much human psychology as it is mathematics
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Offline Elderberry

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #3 on: February 28, 2020, 03:04:21 pm »
I don't see it as a conspiracy. I see it as more of a "Every Man for Himself" Opportunity to Cash In.
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Online Smokin Joe

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #4 on: February 28, 2020, 03:33:14 pm »
It's pretty simple. Bail out while the market is still high, buy back in when it gets low (enough) and wait for the recovery. The deeper the panic, the more potential profit.
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Offline Snarknado

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #5 on: February 28, 2020, 03:44:49 pm »
Quote from: LMAO on February 28, 2020, 02:48:08 pm
This sounds a little bit too much conspiracy theory to me. If they wanted to damage to affect Trump’s reelection chances, they would’ve done it closer to the election

Economics is just as much human psychology as it is mathematics

We were getting into "irrational exuberance" territory and due for a correction, better now than in 6 months. Whether the market is being artificially depressed or just overreacting to the virus, there's now plenty of room for a strong rebound this summer and fall. I spent an hour this morning looking for bargains but not finding much yet. NFLX e.g. has dropped from 390 to 360 but just 10 weeks ago it was under 300. AAPL has lost 60 points and is back to where it was in mid-Nov. I strongly suspect that I'm not the only one leery of jumping back in after these recent sharp runups.

Value investors might be tempted though, e.g. if you're a believer in GE's comeback, it's dropped 25%.
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Offline andy58-in-nh

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #6 on: February 28, 2020, 04:30:25 pm »
Total nonsense. I have been in financial services for 30 years and I am sitting here right now handling trades. This is just fear and capitulation, exacerbated by a long-term historical run-up in equity values.
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Offline catfish1957

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #7 on: February 28, 2020, 04:43:30 pm »
Quote from: andy58-in-nh on February 28, 2020, 04:30:25 pm
Total nonsense. I have been in financial services for 30 years and I am sitting here right now handling trades. This is just fear and capitulation, exacerbated by a long-term historical run-up in equity values.

100% Agree....

Been quiet on sidelines in the trading aspects since the markets went whacko high.

Been waiting for a correction,  for some bargains, and if we can see another 5-10% correction? .....

This will be me.....



« Last Edit: February 28, 2020, 04:44:41 pm by catfish1957 »
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Offline Free Vulcan

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #8 on: February 28, 2020, 04:49:49 pm »
Shorts gotta take profits like everyone else, and the big boys know when to jump in and buy to squeeze out the weak ones.
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Offline verga

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Re: BAD ACTORS ARE CRASHING THE MARKETS: To Stop the Current Short Sale Attack on the Stock Market P
« Reply #9 on: February 28, 2020, 07:29:47 pm »
BKMK
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