May 26, 2009
I support bringing back the former UPTICK RULE, without any exceptions or provisions that have the effect of giving short-sellers loopholes to legally manipulate the market.
It SHOULD NOT be limited to selected stocks or groups of stocks.
It SHOULD NOT be allowed to be inoperative until triggered by precipitous reductions in share value.
It SHOULD be operative all the time, for all stocks, without exception.
Indiscriminate short-selling done for the purpose of driving down the prices of shares HAS TO BE STOPPED, without exception, and you folks at the SEC represent the best mechanism we have at our disposal to get this done now.
The existing situation is nothing short of criminal.