August 18, 2009
I believe there is no need for any uptick rule. The large institutions are the real movers of stocks - whether they are buying or selling. These institutions are large firms that won't have to adhere to these rules because they are market makers anyway, which will make these rules ineffective.
The market should allow anyone who wants to sell at any time sell. If the company is a solid company there will be nothing to worry about. If the company is doing a bad job their stock should go down. This is how our free market works.
Implementing rules to stop stocks from going down "rigs the market" and removes integrity from the entire system.