March 5, 2009
Dear Ms.Schapiro,
Have you studied the heavy volume of selling which occurs between 3 p.m. and 4 p.m. every day and right through the close of the market If you had the up-tick rule in place, the small investors (who are
advised by their brokers and media gurus to hold on in this market) could be protected from this
daily avalanche of selling.
There are many reasons to re-instal the up-tick rule, the primary one to protect the small investor who
gets grievously harmed financially by this massive selling.
We urge you immediately to complete your study (or tune in to Jim Cramer who is very articulate on this subject).
Respectfully yours,
Jacqueline Messina
Louis Messina