April 23, 2009
I believe the uptick rule should be reinstated.
I am appealed at some of the short selling activity that I see daily on the stock exchanges. It seems out of control at times when a stock can drop 20-40% in a matter of minutes, because of shorting gangs and naked shorting. Abusive short selling is very disruptive to investors and profits those who are not investors.
America has lost confidence in Wall Street and investing as a result of the rampant short selling abuse that has dragged the market down and left the average investor with undeserved losses. Americans are afraid to invest anymore and measures must be put in place to stop the abuses.