Uptick Rule Could “Save” Sirius Nasdaq : SIRI
The commenting period for the uptick rule ended June 19, which means we will see action very soon after. If this happens, there could be severe restrictions on short sellers, meaning the market will climb. Short selling is very important for a healthy stock market, we saw how out of hand it got in china when it was not allowed. These proceedings will not take away short selling, but limit the damage that can be done to a stock and the markets by short selling. Which is just what this bear market needs.
This is very big news for Sirius XM Satellite Radio (NASDAQ: SIRI) SIRI has been trounced by shorts for a long time. The impending proceedings will provide fresh air to this market, and potentially save it single handily.Small stocks like SIRI really need rules like this to be in place. Stocks that are heavily shorted will see a quick bounce if these rules go through, the rest of the market will catch up soon after.
In other words, get back into this market! www.TradeKing.com
TradeKing.com. $4.95 trades + 65 cent option contracts. No minimums. No catches. No, seriously.
“As discussed in detail below, concurrent with the development of the subprime mortgage crisis and credit crisis in 2007, market volatility, including steep price declines, particularly in the stocks of certain financial services issuers, has increased markedly in the U.S and in every major stock market around the world (including markets that continued to operate under short sale price test restrictions). As market conditions have continued to worsen, investor confidence has eroded, and the Commission has received requests from many commenters to consider imposing restrictions with respect to short selling, in part in the belief that such action would help restore investor confidence.
Due to the extreme market conditions that we are currently facing and the resulting deterioration in investor confidence, we believe it is appropriate at this time to re-examine and seek comment on whether to restore restrictions with respect to short selling.”
http://sec.gov/rules/proposed/2009/34-59748.pdf
http://www.sec.gov/
*Sirius ( Nasdaq: SIRI ) was up at .35 the time of writing. The writer is Long on SIRI, averaged down to .28.
Comment by NFL Jerseys Wholesale on 31 August 2010:
NFL Jerseys Wholesale
NFL Jerseys Authentic
GHD Straighteners
Comment by jasonleen on 2 September 2010:
Vibram was founded by the Company of Vitale Bramani in 1937 in Milan,Italy.
The company was named after the first few letters of the founders’. MLB Jerseys for sale,P90X DVD on sale,vibram five fingers kso,cheap tn shoes,Nike Air Max 180,Cheap Jordan shoe,cheap nz shoes ,cheap r2 trainers,air max 2010 ,cheap jordans shoes,Gucci handbags on sale ,vibram five fingers classic ,buy ugg shoes ,five finger shoes ,new lv bags ,Mbt Sneakers ,Chanel handbags shopIn the 30s, climbing the Alps is a very dangerous challenge.After Surviving from the disaster of a climb, Vitale Bramani determined to provide a safe sport climbing shoe for this sport. After years of research and development, using the tire technology, he finally developed the world’s first rubber outsole, which increased the safety of mountain climbing to a new level.
In the next 70 years, Vibram kept on innovating and researching. Vibram outsole, with octagonal-shaped yellow sign have become the synonymous of quality, performance, safety, innovation. It not only brings revolutionary of mountaineering, but also become the market’s standard.
Today, Vibram is the leader of high-performance rubber sole,whose products are widely used in outdoor, labor, health, fashion, repair and orthopedic medical and other markets. Vibram Group produce more than 35 million pairs of shoes annually, develop 150 new models per quarter. Vibram outsole supply to more than 1,000 global footwear manufacturers, the products cover all over the world.