Follow Us!

On Bloomberg

  • Access our posts on your Bloomberg terminal: NH BLG_TICKER_SENSE


Newsletter Portfolio Performance

Birinyi Mailing List

  • Stay in the loop:
    Subscribe to Birinyi's free mailing list

Online Brokers


  • Subscribe in NewsGator Online
  • Add to My Yahoo!

« Market Breadth | Main | March 24th Blogger Poll »


I have been following the problem since 6 July and started a post on IBD thread on 2/12/08. The more people that recognize it and complain about it, perhaps the SEC will do something to level the playing field. It don't have to be the same "uptick", but something needs to be done as short sellers have a free license to steal from investors.

I think abolishing the uptick rule has caused me to lose about $12,000 since it took place in NOVEMBER of '07

I think that your organization is working only with the hedge funds rather than for the goo of the economy and the market.



"In essence, short sellers are now able to sell stock that did not previously exist"

The stuff here is normally pretty spot on and well researched but that post above is just at best naieve and at worst totally false.

It works the same way only instead of waiting that extra 5-10 seconds to get a fill, you can get it immediately. On occassion when a stock is getting hammered you might have to wait a bit longer but there are hundreds of upticks in stocks each day even the ones that go down 50% in a day. Pull them up and look at them. Its penny increments. Upticks everywhere, Dowticks everywhere for that matter.

The SEC studied this issue at great length and numerous papers have been written about this. Some in great depth.

With the advent of decimal trading, ECN's, Dark Pools, and algorithim trading the uptick rule didn't do much anyway but with new strategies like 130/30 and portable alpha stategies it was increasingly clear that the strategies were being penalized by that archaric rule.

As it was the nasdaq rule was less restrictive than the NYSE's so more volume was flowing first to Arca, then to dual listings on other exchanges.

Reg NMS further complicated compliance because not every market center had the same "up tick" requirements. Hitting someone with a less restrictive policy, gives someone a potential advantage of the other person that chooses to send his order to say super dot.

As to the conclusion that it has something to do with the decline. Correlation does not imply causation.

Anyway, I would suggest the author of that post read:

Particularly the latter one in full so they understand why the change was necessary given the financial innovation that has taken place the last few years.

If they changed it back the market wouldn't be any higher than it is now. Uptick rule or not the market is going to go where its going to go, it did in 2001 and it has this year as well.

What should they change it back to anyway? Should the nasdaq way be the standard or the NYSE....or both? (higher bid or higher print?).....

for that matter why a penny....maybe they should make the minimum increment a full nickle that has to be better than a cent. I say no shorting unless the stock is atleast a nickle off the low of the day.

How's that? some of the papers the SEC commissioned on the subject, they don't go around removing reglations that old with good reason.

This is one of the biggest scams that has ever been put upon the investing public. Allowing a free hand at bear raids is stupid as a bag of of the many that have been blessed during the Bush admin. It's right up there with Ethenol subsidies

Hmmm, have we had insanely large percentage declines on a daily baiss? weekly basis? monthly basis?

No we have not. To say that removing the uptick rule has increased volatility is laughable. The simple data doesn't support it.

I also find it laughable that people say they have been "fleeced" because of short selling. Hardly. They have been fleeced becasue they made poor choices by keep money in companies that took too much risk.

Some things never change. Everyone wants to blame politicians (they are dirt bags for the most part), but hello - they are elected by the people and for the people. They are a reflection of us. Fat? Dumb? Greed? Incompetent?

Look in the mirror, those of you complaining and see the dumb fatass saddled with debt staring back at you in the mirror.

"We have met the enemy and he is us."

I'd also add - look at China where short selling is illegal. Their market is down 50% in 6 months.

Look at the 1929-1935 period - market down 80% and there were vvvvvvvvvery few shorts.

When everyone is on the same side then their is no natural buyer for the sellers (longs) to sell to.

Be careful what you wish for... and don't forget to take responsibilty for yourself.

no one remembers Lehman. Who killed the stock price? Who killed the bank prices. WE need the uptick rule to help the small investor. Hedge funds made billions. I hope they all fail.

yes....please reinstate the uptick rule

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. It’s our pleasure to post informative content on this useful blog created by webmaster.

As budget season is approaching so it is wise to think before investing as we can witness very volatile market in coming days. Moreover, we are expecting some stock market correction in post budget session

We advise every investor to book profit before budget and try to grab value stocks at further decline for short to medium term.

For any query feel free to contact us.


+91- 9891655316
+91- 9899056796
+91- 9891890425

An economy consists of the realized economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially paticipate in the production, exchange, distribution, and consumption of goods and services of that area. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

Today the range of fields of study exploring, registering and describing the economy or a part of it, include social sciences such as economics, as well as branches of history (economic history) or geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, range from engineering to management and business administration to applied science to finance. All kind of professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving and investment are core variable components in the economy and determine market equilibrium. There are three main sectors of economic activity: primary, secondary and tertiary.

The English words "economy" and "economics" can be traced back to the Greek words οἰκονόμος "one who manages a household" (derived from οἴκος "house", and νέμω "distribute (especially, manage)"), οἰκονομία "household management", and οἰκονομικός "of a household or family". The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery. Economy is later recorded in more general senses including "thrift" and "administration". The most frequently used current sense, "the economic system of a country or an area", seems not to have developed until the 19th or 20th century.

I am sanjeev. I am a technical Analyst. I like to read a lot. share market tips

Play a crucial role in today’s economy; they are the key contributors towards a country’s GDP growth. India in the last decade has established itself as a powerful economy and it is growing at a healthy rate. One of the key constituents of India’s robust economy is its stock market. The stock market tips dates back to the eighteenth century. However, the real journey of the Indian Stock market began in the middle of the nineteenth century with the passing of the “Company’s Act” in 1850. The primary driving forces behind the development of the Indian Stock market were the native shares and the stock broker’s Association.

i give

Hi, i am from trading tips .Wealth in its most primal form comes from under the ground. Plants come from under the ground. Minerals come from under the ground. Water comes from under the ground. Even petrol comes from under the ground. Little wonder then that Lakshmi, the Hindu goddess of wealth, is called Patala-nivasini, she who resides in the subterranean realm. She is also addressed as Pulomi, the daughter of the Asura-king, Puloman and Bhargavi, daughter of Bhrigus, another name for Shukra, who served as guru to the Asuras. But Asuras are demons who have been shoved under the ground by the gods! What make Lakshmi the daughter of demons? Is this an ancient moral judgment against wealth?
We provide nifty tips and MCX tips.
You are welcome to visit my website for updated prices and other information of all Indian trading scripts.

Nice post. I've been trying to catch up on some of the events and happenings since I landed on the island. Are you sure about Visser not getting a lot of votes.
What is your footnote a reference to? The asterisk is missing from the main body of the posting. is leading website providing you trading calls.

Share Market is both for speculation & investment. First you need to find out what kind of person you are and your funds as well as risk capacity.

Funds & Risk should go parallel. If you have enough founds then only you should speculate. However, you also need high risk capacity for the same.

Enough Funds means you should have at least 3 lakhs Rs. to speculate & good risk capacity to tolerate the volatility in the market.

We at provide both equity & commodity tips for trading. We have good accuracy and give right guidance to our clients.

Those who have limited investment, we strictly tell them not to trade (by taking our service or any one else service). They should only make safe Investment.

If you want to check our trading tips then you can avail our Free Trial for 2 days by registering for it at


ShareInfoline Team.

NSE and BSE have many listed stocks, Let Sharetipsinfo research best profitable stocks for you. Our accuracy speaks for us

Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.
This blog is quite nice and informative, it is a pleasure to post a comment on this useful blog. Really E-learning stretches our education budget further with more training for the same time and effort.

Nice post. BSEis the one of the most well

reputed stock exchange of the India. BSE is very high-tech and attracts lot of volume. It is always

advisable to trade in volume rich stocks so one has to find potential stocks from so many listed

Just want to say- Always trade with confidence and don’t panic.


To be used in Blog

Nice post. Its always better to think before investing money in stock market. Investment should be done in share market but with the aim to increase our funds so speculation should not be the mode of investment. Investors should know why they are investing money in any stock.

Lot of global tensions is going on at this time. Japan is expected to pull out its money from the global market as they want to revamp their country now. In current scenario anything can happen in the Share market Investors are advised not to panic and stay invested only safe traders and investors should exit their long positions on every high and one can use every decline as an opportunity to enter market again.

Very good post, I was really searching for this topic, as I wanted this topic to understand completely and it is also very rare in internet, that is why it was very difficult to understand.
Thank you for sharing this.
share tips

I am glad someone is talking about this debacle. The change of the short uptick rule was the biggest reason for our recent market downfall and volitility. I think it is the people who made the decision to change this rule who should be under investigation!!!
I would not be a bit surprised if some big short fund was tied to the change in some way. I think if it were not for the change in this rule, the market would not be down as tremendously as it is and this story does not get the attention it deserves. I think the change was just as much a factor in the recent market downfall as any of the negative doom and gloom news. Sureshot Tips || Option Tips


Your blog is nice and informative. We would like to share few information’s with users. Indian stock market is not a place for speculators anymore. As it has become too volatile. Still day traders are requested to trade with strict discipline and a small suggestion for Long term players is don’t take any long term delivery position as Nifty and Sensex are still in bearish zone. Just wait for right time and opportunity before taking long position.

For any doubt please feel free to ask us.

I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I'll love to read your next post too.


Mcx Tips

Nice and quite useful blog. Would like to say that stock market hardly gives any second chance. Once opportunity lost means it’s gone forever. Now the biggest question is how to grab trading opportunities every time we trade?
Well here comes the technical analyses handy. Just rely on research rather than your guts feeling and one should stop speculating in the Share market.
Follow few basic trading rules and we are sure one can earn huge amount in the Indian stock market only by trading in NSE and BSE

Great blog nice n useful information , it is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks.

Investing has changed in the last 5 years. It has not changed in terms of process – fundamental analysis is still the same it was 5, 10, 15, 50 years ago. What has changed is the access to information. The Web has provided investors with a whole new world of information that can be used when making investment decisions.

Wondering from where you can get best Nifty option trading tips for trading? Read on and find the way to find the right source

Your blog is really meaningful and if stock market traders use this information then I am sure no one will lose money in the share market.

Hope you agree with me
Nse, BSE and MCX Tips

Hi, i am from ncdex and commodity market today i am posting tips on ncdex Chana futures trading resolved 1.02% reduced on Wednesday expecting routes in the home marketplaces to improve soon. Spot costs also finished 0.17% reduced last night. Reviews of reduced result in Rajasthan are fighting off costs from dropping greatly. As per the NCDEX round old Eleventh Apr, Initial Margin of 12 % of the value of agreement based edge whatever is higher will be charged on all agreements and yet to be released agreements of chana with effect from beginning of the day

Are you going to invest in commodity market then read these tips for month April 2012
In india Crude oil was dealing near a two-week high after the IMF brought up the international financial development prediction. However, EIA primitive oil stock predictions show a build-up in shares which is likely to cap further price profits. The development in financial strength always activated clean need for crude oil.
Crude Oil May 2012
Overall small trading variety for the last two several weeks, which is placed at Rs.5360 to Rs.5200 Now in this several weeks’ time, we may again consider assistance between of Rs.5250-Rs.5170, holds may force costs below this price again, an higher side stage of resistance at Rs.5380-Rs.5410 to look at out. Crude oil today resistance Rs.5455. for commodity tips free trial call on 9999820994

Gold futures trading are likely to give failures current week, dropping below a one-week low moved on Wednesday, harm by a company dollars offshore, although a resurgence in physical demand ahead of key celebration could restrict the disadvantage, our experts said. The most-active gold for May month delivery on the MCX was 0.40 % lower at Rs.28, 480/ 10g, after reaching Rs.28, 445. It’s smallest since Apr 15.

A bearish pattern dominates in coriander futures trading on the back again of powerful routes in significant mandis amongst greater development reports. The NCDEX futures trading wilted to near Rs 3,990/ 100 kg from the greater stages of Rs 6,800/100 kg, a fall of more than 43 %. For Ncdex Free Trial call on 9999820994

Gold for May shipping at the mcx may start at Rs 28,786/10g against Monday’s shut of Rs 28,804. However, gold costs in Indian may drop less in comparison to worldwide marketplaces, if rupee depreciates against money. Gold in Mumbai identify market started out at Rs 2,795/10 g against Monday’s end of Rs 2,778/10g

I read your publish . it was amazing. The way you tell about things is awesome. They are motivating and beneficial. Thanks for giving your details and opinions.
Ncdex Tips

Commodity gold costs in Indian, the greatest customer of gold, hovered near a two-month high on last day, maintaining investors on the side lines despite the key gold purchasing celebration of Akshaya Tritiya on yesterday, investors said. The most-active gold for June month dispatching on the MCX surrounded 0.17% lower to Rs.28653/10g but remained close to a level last seen overdue Feb, due to a sluggish rupee.
Silver also fell 0.49% to Rs.56249/kg on the Mcx. For mcx tips free trial call on 9999820994

thanks for this post. I especially think #1 is a great tip., This post makes a great point about focusing your efforts.

stock tips,equity tips | Currency Trading Tips,Forex Tips,Forex Pairs

Now find all top Indian stock market analyst with their stock market
recommendations at one place

Sharemarketzone is a network of various top stock market analyst who are posting their research at one place for the various stock market traders and investors for free

No matter if you are stock market trader or investor, You need to be very careful while dealing in
Indian stock market. Stock
market offers huge returns but many less people are able to stay in profit just think why? Is it
because of lack of share trading knowledge? Well let’s discuss this in this nice blog and see what
everyone has to say about it. Come one let’s start a discussion which will benefit lot of
stock market traders and investors.

This is so cool. I am such a huge fan of their work. I really am impressed with how much you have worked to make this website so enjoyable.

I am very enjoyed for this blog. It help me very much to solve some problems. Thanks a lot for sharing this with all of us. I appreciate it very much! Looking forward to another great blog!

I am amar from share tips expert team. I am a technical Analyst. I like to read a lot. share market tips Play a crucial role in today’s economy; they are the key contributors towards a country’s GDP growth. India in the last decade has established itself as a powerful economy and it is growing at a healthy rate. One of the key constituents of India’s robust economy is its stock market. The stock market tips dates back to the eighteenth century. However, the real journey of the Indian Stock market began in the middle of the nineteenth century with the passing of the “Company’s Act” in 1850. The primary driving forces behind the development of the Indian Stock market were the native shares and the stock broker’s Association.
for mor information you can visit our website: commoditytradingcall
can also contact us : 01165576699

: 09873376924

The comments to this entry are closed.

Blogger Sentiment

  • The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2015 Ticker Sense Blogger Sentiment Poll

About Us

Birinyi In the News

About Ticker Sense

  • Ticker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.