June 3, 2009
If we are going to institute an uptick rule only for shorts, why are we then not required to implement a downtick rule for longs stating that a person buying a stock long can only buy it after the stock has traded down ? I am very serious about this, it is only fair and equitable. Who says the stock market has to go up all the time, Jim Cramer ? What about all the short ETF's that have billions in assets are all the people who own these ETF's going to get wiped out? Regardless there should not be one rule for Long investors and A different rule for Short investors just because some people do not like the fact that the stock market goes down sometimes.