May 5, 2009
SEC regulations should be designed for the individual investor (who has limited funds) and not hedge fund traders (who have unlimited funds). In many cases stocks are traded with the use of sophisticated software making it impossible for the average investor to compete when there is no "uptick" rule. The average investor is mentally programmed to buy a stock with the thought that the price will go higher. Short sellers play with our minds and have a circus. We need the uptick rule and no naked shorts. Thanks.
Dale Tanner