Subject: File No. S7-08-09
From: Bill Daniel, PHD
Affiliation: Senior Engineer

October 2, 2009

Stocks: New quarter, new selloff
Wall Street stages a sharp retreat after labor market and manufacturing reports raise worries about the strength of the recovery.

Bank stocks plunge.

BECAUSE THERE IS NO UP+TICK RULE in place

http://money.cnn.com/2009/10/01/markets/markets_newyork/index.htm?postversion=2009100116

GET WITH THE PROGRAM

What the Hell is the SEC SMOKING TO ALLOW THIS TO HAPPEN The same Illegal Drugs your LAWYERS ARE SMOKING

The Up Tick Rule worked fine for over 70 years with no problem. You do not have a clue.

HOW LONG ARE YOU GOING TO LET THIS SHIT GO ON IN THE MARKET

YOU HAVE BEEN WORKING ON THIS SINCE APRIL 2009

You obviously know nothing about history. Here is a suggestion. You are obviously listening to individuals with no understanding of the US Stock Market.
Review the original approach and rationale behind the institution of the Up Tick Rule in the late 1930s. Then compare what happened after Up Tick Rule
was removed July 2007. You will see a similarity.

Once you finish that simple task. Take a look at the massive trading at 0415 in the morning by the
that purchase and Sell huge quantity of stock while no one else on the planet can trade pre and after hours. You will note in the research that these instructional
traders can short the market after hours or pre-market BECAUSE THERE IS NO UP+TICK RULE in place, they then purchase the stocks at Low Ball prices at 0415 in the
morning then wait for the stock to rise .20 during the day and Sell either during or after hours.

Where the Hell have YOU BEEN

Get your act together, research prior to writing your article and stop trying to push your stupidity off on the rest of the country.

If you spent more time Researching these almighty Institutional Traders that can trade at 0415 in the morning until way into the night behind the back of the rest
Of the investors you would be doing your JOB You integrity seems to lay with these individuals. Go ahead, Short Sell and Buy the Stocks at any price
You wish, you are doing nothing wrong, you can trade anytime day or night, its OK.. Short sellers are fine

Also spend more time going after the SEC Lawyers that were caught doing insider trading several months ago. What happen to them???? I have not seen them go to
Jail with Martha Stewart The Institutional Traders make Martha Stewart look like a Messiah

Dr. Bill Daniel 0415 In the MorningREVIEW THE TIMES BELOW TODAY. UP-TICK RULE. What about THAT.

CIT Group Inc (DEL) (CIT) Pre-Market Trading
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=CITmkttype=pre
CIT
CIT Group Inc (DEL)
Did you know you can trade some stocks before the opening bell even sounds on Wall Street? Every trading day between 4:00 and 9:30 a.m. ET, traders take advantage of the Pre-Market trading session. Learn more about the Pre-Market trading session and how you can benefit from it.
Pre-Market Trade Reporting
Pre-Market Charts After Hours Charts
Pre-Market
Last: $ 1.85 Pre-Market
High: $ 1.88
Pre-Market
Volume: 76,400 Pre-Market
Low: $ 1.65
Pre-Market
Time (ET) Pre-Market
Price Pre-Market
Share Volume
04:33 $ 1.85 20,000
04:31 $ 1.88 100
04:31 $ 1.87 100
04:31 $ 1.87 24,200
04:31 $ 1.88 100
04:30 $ 1.86 400
04:28 $ 1.86 100
04:28 $ 1.86 100
04:28 $ 1.86 200
04:28 $ 1.86 100
04:27 $ 1.84 200
04:26 $ 1.86 100
04:26 $ 1.84 200
04:24 $ 1.82 900
04:24 $ 1.88 100
04:23 $ 1.82 100
04:21 $ 1.88 100
04:20 $ 1.80 100
04:20 $ 1.80 100
04:20 $ 1.80 100
04:19 $ 1.80 100
04:19 $ 1.80 1,600
04:19 $ 1.80 3,300
04:18 $ 1.80 100
04:18 $ 1.80 900
04:17 $ 1.78 100
04:17 $ 1.78 100
04:16 $ 1.80 100
04:16 $ 1.80 100
04:16 $ 1.80 100
04:15 $ 1.65 1,000
04:15 $ 1.65 300
04:15 $ 1.65 200
04:15 $ 1.65 500
04:15 $ 1.70 100
04:15 $ 1.70 1,000
04:15 $ 1.70 1,900
04:15 $ 1.80 100
04:15 $ 1.80 3,400

THIS ECONOMY WILL NEVER RECOVER UNTIL YOU IMPLIMENT THE

UP TICK RULE

After 38 Year in the US Government I must say your agency is the most incompetent

YOU HAVE TUNED THE MARKET INTO A GAMBLING CASINO

Copyright material redacted. Author cites: Chuck Mikolajczak, "Wall Street Weighed Down by Financial Stocks", Reuters

Copyright material redacted. Author cites: Angela Moon, "Stocks Set for Lower Open as Mild Profit-taking Prevails," Reuters

Reads like Manipulation to me… Thanks to the SEC inept ability!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Extremely Blatant!!!!!

They are basically saying… once again the Hell with the SEC… We will manipulate this Market any way we choose.

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