09-11-2007, 07:30 PM | #1 |
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Well it should make my Mom proud
Shameless self-promotion: I am quoted in an article in this week's Investment News:
http://www.investmentnews.com/apps/p.../FREE/70910009 Not that I am saying anything particularly interesting, but after my recent shutouts in the Wall Street Journal and Reuters (my coauthor kept getting the quotes, she's much more quotable than me) I will take what I can get. Last edited by pelagius; 09-11-2007 at 07:33 PM. |
09-11-2007, 07:33 PM | #2 |
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Ha, Mr. Brooks took a shot at you.
I'm siding with the people that don't like the removal of the uptick rule. |
09-11-2007, 07:35 PM | #3 |
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Hedge funds, program trading, etc. should have a seperate market they can go play in.
The old saying they provide liquidity to the market is bull crap. They provide excess's to the market. |
09-11-2007, 07:36 PM | #4 |
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09-11-2007, 07:39 PM | #5 |
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09-11-2007, 07:44 PM | #6 |
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I will make it worse. The uptick distorts order flow and forces short-sellers to shadow the ask because the specialist will change marketable orders to limit orders. This leads to a thickening on the offer side of spread and an artificial narrowing of the spread. Thus removing the uptick rule leads to a slight increase in very short-term volatility and widening of the spread.
Sorry couldn't help myself. The preceding should have been the quote in the article. That would have been fun. Last edited by pelagius; 09-11-2007 at 07:47 PM. |
09-11-2007, 07:48 PM | #7 | |
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