March 2, 2009
Are there any plans in the immediate future to reinstate the uptick rule and/or ban naked short selling at these levels (below 7,000)? Short interest has increased big time especially in the financials today (3/2/09), and I'm wondering why the naked short selling rule has not been enforced yet Why was the naked short selling rule enforced back when the dow jones was around 10,000-11,000 to protect these financial companies, yet now when the financial companies are in free fall, there is no such rule I am extraordinarily concerned about the well being the stock market as we know it. If there is no uptick rule and/or ban naked short selling, how is the market ever going to go up There are no buyers around from the panic and fear out there that this recession is worse than ever.
Please consider banning the naked short selling at these levels.