Mar. 10th, 2009, Tuesday
To SEC rules commitee,
I frequently trade stocks.
It is my impression that the stock market is meant to be a fluid market place for stocks. I am against the Proposed Uptick rule because, I believe, it creates an artificial bias in the market.
If you want to add an Uptick Rule for short selling a stock, then also add a "Downtick Rule" for buying a stock. If the Downtick Rule were even suggested, then you would hear a huge protest that would come from most companies that have their stock trading in the stock market.
Please keep a bias out of a "fair" market.
Thank you for listening,