April 8, 2009
Hello. I think any restrictions to limit or prevent short selling is bad for the market as a whole. Any restrictions on short selling artificially inflates the stock prices and the market indicies. This makes it even more difficult to determine the true market value of a company and the market sentiment for any particular stocks.
Personally speaking, I don't short sell but I feel there needs to be balance in the system. It seems to me that these new rules and restrictions are being put forth by those companies that are being shorted the most. A kind of retribution against the Bears and limiting their potential profits.
In a supposedly capitalist system, this to me seems entirely wrong and counter-intuitive. Thank you for your time.
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Conrad Wong
Reno, NV