Recent Content by osx

  1. What will be the end result of the elimation of bullets be on pro firms/traders?

    I hate to break it to you guys, but the proposal is for a two year pilot to eliminate the uptick rule for half of the 600 most liquid stocks in...
    Post by: osx, Nov 24, 2003 in forum: Prop Firms

  2. No more bullets per sec

    :-) No, but I admit to daydreaming about pitching such a thing to the "powers that be". Notice in the proposed short sale rule amendments:...
    Post by: osx, Nov 22, 2003 in forum: Order Execution

  3. No more bullets per sec

    How does the "bear crowd broker" know whether the short is out of thin air ("vapor stock") other than by locating? What is the mechanism?? You...
    Post by: osx, Nov 21, 2003 in forum: Order Execution

  4. No more bullets per sec

    "Excessive" (what does that mean?) naked shorting is not illegal so long as you have the cash to back the position and locate the stock. Can you...
    Post by: osx, Nov 21, 2003 in forum: Order Execution

  5. No more bullets per sec

    Today's system without an uptick rule would allow for there to be more *intraday* short interest than there are issued shares of MSFT -- much...
    Post by: osx, Nov 20, 2003 in forum: Order Execution

  6. No more bullets per sec

    Ha! ``If that goes well...'' Of course it will go well unless someone schedules a market collapse to take place during the trial period. This is...
    Post by: osx, Nov 20, 2003 in forum: Order Execution

  7. No more bullets per sec

    Hard to borrow is not relevant for a day trade since borrowing is not relevant for a day trade. That is the loophole that the uptick rule closes...
    Post by: osx, Nov 20, 2003 in forum: Order Execution

  8. No more bullets per sec

    Well, consider this: the rule was just implemented in Japan. I don't think it is going away soon.
    Post by: osx, Nov 20, 2003 in forum: Order Execution

  9. No more bullets per sec

    Ah, but shorting a derivative is just writing a contract! That is different than selling something you don't own. If the contract is exercised...
    Post by: osx, Nov 19, 2003 in forum: Order Execution

  10. No more bullets per sec

    I know there is a popular belief out there that eliminating the uptick rule will create a symmetric marketplace. That is *not* true! Imagine:...
    Post by: osx, Nov 19, 2003 in forum: Order Execution

  11. No more bullets per sec

    The real problem here is the way the SEC is going about this. They should just make a rule that being long stock is a function of the entire...
    Post by: osx, Nov 19, 2003 in forum: Order Execution