NO DooDahs

How To Survive the Market Sinkhole

Nobody ever did need the uptick rule. ETFs have always been exempt, as have some market makers.

Think about this: a hedge fund want to short 10,000 shares of XYZ, but "needs" an uptick. So they have their computer MANUFACTURE an uptick by buying a block of 500 at the ask, then turn around and short 10,000, then sell their 500. BFD.

Only retail joe is benefited by the uptick, and there are two things you need to know about joe. First, he's usually stupid and will short after the move is over, anyways, and second, he doesn't have enough money to move the markets.