May 5, 2009
I support the uptick and circuit-breaker proposals, as written. Having seen a significant part of my portfolio vanish due to rampant naked short-selling, I am in favor of limits placed on undemocratic and market-manipulative practices like those re-regulated in the proposals.
If we continue to give traders and their firms the ability to create unlimited selling pressure on stocks, they will use it to their own financial benefit. The rest of the market loses for their gain.