June 1, 2009
I urge a change to 'reinstitute' the 'uptick' rule. This would provide 'protection' for stockholders from a raid by shorters, the damage of which we all saw in the precipitious decline of the financial stocks some months ago.
It appears to me that any of the objections raised to reinstituting the uptick rule are all 'fixable' with technological trading tools of tracking sources of shorts and then a 'false' up buy from the same source...followed by more shorting. The computer is just a tool to accomplish the trading, it should be 'shaped' to carry out legitimate trading transactions and prevent illegitimate activity.
Thank you, Bill Hemberger