August 18, 2009
I support the alternative uptick rule that would allow short selling only at an increment above the national best bid. This proposal makes logic to me as a private investor. It levels the playing field of the market.
Naked short selling is damaging to a balanced market. It favors large institutions that can use "other people's money." These entities and their black box trading programs severly impact the market as was seen this past March.
Naked short selling has nothing to do with investing in the future of a company or a market segment. I have no problem with legitimate short sellers.