May 26, 2009
This short note is in favor of the Market-Wide, Permanent Approach.
Proposed Uptick Rule:
A market-wide short sale price test based on the last sale price or tick (a proposed uptick rule).
Please give American businesses and American workers the breathing room to save their jobs without unjustified pressure from pointless speculation.
3 Considerations for Implementing an UpTick rule policy
Does unlimited (excessive) short selling decrease the time for businesses to solve their problems with one result being the elimination of thousands of jobs?
How does excessive short selling benefit average Americans, the economy, or anyone other than professional investors and short term speculators?
To what extent do non-US firms use excessive short selling to put additional pressure on distressed US firms as an anti-competition tactic?
Thank you for your time and Consideration,
Stephen D. Zimmerman