May 4, 2009
I feel very strongly that the uptick rule in its original form should be reinstated. The major portion of investors like myself invest in companies with one basic thought in mind: when you invest in a company that does well, then your stock goes up, and if said company does not do well then your stock goes down. This is very acceptable but not always the case. Short sellers today are allowed to manipulate the market and drive a stock down even if the company is doing fine. This is extremely unfair and makes people like me not want to be in the market. We really need to bring back the uptick rule.