May 29, 2009
If short selling can not be forbidden in its entirety then I recommend that the UPTICK rule be reinstated and without exceptions.
Short selling has been disruptive of the stock market and does nothing to improve enterprise. Stock is borrowed in large volumes and is sold in an effort to artificially force down stock prices so that shares sold short can be purchased back at much lower prices, creating profit. Short selling is destructive except for the short sellers. Please allow stocks to trade on their fundamentals and technicals without interference by short sellers.
Thank you