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S&P 500
5,483.35
(
0.10%
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US TECH 100
19,261.20
(
0.24%
)
Dow Jones
39,225.76
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0.25%
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Brent Oil
84.99
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0.62%
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Bitcoin
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Post# of 648882
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Stock Lobster

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Stock Lobster

Re: Wildbill729 post# 213495

Monday, 11/26/2007 8:53:01 PM

Monday, November 26, 2007 8:53:01 PM

Post# of 648882
The hedgies are running this market like they run the pinks: pumping them up a little, just enough so they have enough room to make $$ shorting it back down.

The average investor doesn't stand a chance, especially since the elimination of the uptick rule...what a friggin disaster that was, but what a coup for the traders who pushed it through.

Result is that anyone left holding long by the EOD will be steamrolled right into a margin call, imo

The fact that the SEC made the decision to eliminate a reasonable 75 year old safeguard, shows the extent of the corruption, as far as I'm concerned



_______________________________________________________
If you take anything I say as advice, you're crazier than I am.

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