Replies to post #1296 on The Authoritative NSS Page (NAKED)

[Stock]

****Read the Nasdaq/OMX comments below****

1. They oppose the "always-on" price test (downtick rule).

2. They support a 20% circuit breaker for individual stocks.

3. They support flexibility in the circuit breaker... so it could be 10%...or 5% limit down in one day.

4. They support "global rules" rather than downtick rules... i.e. a percentage is technologically easier to implement than a downtick test.

5. The FAQs that are up already confuse people, they claim. Somebody needs to clear that up.

6. They say there is little data to support ANY move at this time.

7. The "hard locate" thing is already in place pretty much. Not new.


--- Questions:

Will there be a circuit breaker to the UPSIDE and the DOWNSIDE?

Will the 20% circuit breaker apply to OTCBB and pinks? Or only listed stocks?

Or will the circuit breaker apply only to stocks above a certain price (i.e. $5 a share) regardless of where they trade?

----------- Anybody have other questions???